Arthur Hayes Buys $1.06M in ENA After Anchorage Deal Boosts Token 8%

Arthur Hayes, co-founder of BitMEX and well known crypto investor, has added 2.16 million ENA to his portfolio...

Written by: Arslan Butt • Friday, July 25, 2025 • 1 min read

• Last updated: Friday, July 25, 2025

Quick overview

Arthur Hayes has purchased 2.16 million ENA for $1.06 million, increasing his total ENA holdings to 7.76 million worth $3.73 million.
The purchase follows Ethena's announcement of a partnership with Anchorage Digital to launch a GENIUS Act compliant stablecoin in the US.
ENA's price has risen 8.43% in the last 24 hours, with analysts predicting it could test $0.60 soon and Hayes forecasting a breakout above $1.
Ethena's USDtb stablecoin is backed by traditional financial instruments, enhancing investor confidence and contributing to Hayes's bullish outlook.

Arthur Hayes, co-founder of BitMEX and well known crypto investor, has added 2.16 million ENA to his portfolio, spending $1.06 million. He bought this strategically after Ethena announced their partnership with Anchorage Digital yesterday to launch a GENIUS Act compliant stablecoin in the US.

Data from Arkham Intelligence shows Hayes bought his ENA via Binance, Galaxy Digital and Flowdesk. His total ENA balance is now 7.76 million, worth $3.73 million. This is another sign of Hayes’s continued support for the Ethena protocol, known for their synthetic dollar token—USDtb.

The timing of the purchase looks deliberate. Just a day ago Ethena announced their partnership with Anchorage to expand stablecoin use in regulated US markets. This has got investors excited and may validate Hayes’s bullishness on the project.

ENA Price Up 8%, Volume $1B+

As of writing ENA is trading at $0.4997, up 8.43% in the last 24 hours. Volume is over 47% higher, above $1B. ENA is up 25% in the last week and 86% in the last month, following recent listings and partnerships.

ENA Stats:

Current price: $0.4997
Daily volume: $1B+
Weekly gain: +25%
Monthly gain: +86%

Analysts think ENA will test $0.60 soon and Hayes himself is predicting a breakout above $1 which would be 100% up from current price.

ENA Price Chart - Source: Tradingview — ENA Price Chart – Source: Tradingview

Why ENA Is Attracting Big Investors

The GENIUS Act was signed into law by former President Donald Trump and has accelerated the stablecoin race in the US. Ethena’s partnership with Anchorage Digital will make USDtb one of the first stablecoins to fully comply with the act’s regulations.

USDtb is currently backed by traditional financial instruments. Out of $1.4B market cap, $1.1B is held in BlackRock’s BUIDL tokenized fund, most of the rest is in USDC reserves. Importantly the total reserve value is slightly above USDtb’s circulating supply—giving investors more confidence.That’s why Hayes is so bullish.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.