Enlivex Treasury Portfolio Update: Rain Protocol Jumps Into Top Three Global Prediction Markets In League Table Following $100M In Additional Liquidity

Enlivex (Nasdaq: ENLV) reported updated exposure to the Rain prediction markets protocol treasury.

Rhea-AI Summary

Enlivex (Nasdaq: ENLV) reported updated exposure to the Rain prediction markets protocol treasury.

As of May 26, 2026, Enlivex held about 79.6 billion RAIN tokens valued near $919 million and an option on up to 271.4 billion additional tokens, while Rain received a $100 million liquidity commitment that positions it among the top three global prediction markets by TVL.

Positive

• Holds about 79,568,550,005 RAIN tokens valued near $919 million as of May 26, 2026
• Option to purchase up to 271,372,418,179 RAIN tokens at $0.0033 per token
• RAIN option intrinsic value of approximately $2.23 billion as of May 26, 2026
• $100 million Rain liquidity pool supports top-three global prediction market TVL position

Negative

• None.

Argus May 27 session

+14.33% close to close Open Argus

Details

News Market Reaction – ENLV

In the May 27 session, ENLV gained 14.33%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +14.3% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +14.3% in the session following this news. A strong positive reaction aligns with the article’s emphasis on expanded Rain liquidity and the scale of Enlivex’s treasury exposure, including RAIN holdings valued at $919 million and an option with $2.23 billion intrinsic value as of May 26, 2026. Past news has sometimes seen both aligned and divergent moves, so investors would have weighed volatility in digital assets and the resale shelf for 23,333,333 shares when assessing durability.

Key Figures

Rain liquidity commitment: $100 million Current RAIN holdings: 79,568,550,005 tokens RAIN holdings value: $919 million +5 more

Rain liquidity commitment

$100 million

Additional liquidity for Rain prediction markets protocol

Current RAIN holdings

79,568,550,005 tokens

Enlivex RAIN position as of May 26, 2026

RAIN holdings value

$919 million

Approximate value of 79.6B RAIN tokens as of May 26, 2026

RAIN option size

271,372,418,179 tokens

Maximum RAIN tokens purchasable under option from Rain Foundation

RAIN option strike

$0.0033 per token

Exercise price for RAIN option held by Enlivex

RAIN option expiry

Dec. 31, 2027

Expiration date of RAIN token purchase option

Option intrinsic value

$2.23 billion

Intrinsic value of RAIN option as of May 26, 2026

Polymarket TVL

$450 million

Approximate total value locked as of May 2026

Historical Context

5 past events · Latest: May 18

5 events

1. May 18

   Phase 2b dosing

   24h Move

   -3.2%

   First U.S. patient dosed in global Phase 2b Allocetra trial.

2. May 15

   Nasdaq bid notice

   24h Move

   -3.2%

   Nasdaq notification on failure to meet $1.00 minimum bid price.

3. Apr 30

   RAIN HTX listing

   24h Move

   +2.3%

   RAIN token listed on HTX, expanding access and liquidity.

4. Apr 28

   Treasury RAIN update

   24h Move

   -6.4%

   RAIN holdings and option position expanded, highlighting discounted strike.

5. Apr 23

   Phase IIa data

   24h Move

   +2.0%

   Phase IIa data show significant pain reduction and functional improvement.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

prediction market, total value locked (tvl), usdt, liquidity pool, +2 more

6 terms

prediction market financial

"Rain’s positioning among the three largest prediction market platforms globally"

A prediction market is a platform where people buy and sell contracts that pay out based on the outcome of a future event, turning collective opinions into a price that reflects the market’s best guess. It matters to investors because those prices act like a crowd-sourced probability—similar to odds at a sports book—helping gauge sentiment, anticipate risks, and inform trading or decision-making when formal data is limited.

total value locked (tvl) financial

"third-largest prediction market protocol globally by Total Value Locked (TVL)"

Total value locked (TVL) measures the total worth of assets—cash, tokens or other holdings—currently stored or committed inside a financial platform, often expressed in a common currency like dollars. Think of it as the amount of money sitting in a bank vault: higher TVL generally signals stronger user trust and activity and can indicate potential revenue or liquidity for investors, but it does not alone prove long-term safety or profitability since prices and incentives can change.

usdt financial

"liquidity pool, comprising $50 million in USDT and $50 million in RAIN tokens"

A digital token pegged to the U.S. dollar that is used on cryptocurrency platforms to move and store value without converting back to bank-issued cash. Think of it as a digital dollar bill used inside trading venues: it helps investors move quickly between assets, manage short-term cash needs, and measure portfolio value in dollar terms, but its stability depends on the issuer’s reserves and market trust.

liquidity pool financial

"the additional $100 million liquidity pool, comprising $50 million in USDT"

A liquidity pool is a stash of cash or tradable assets set aside so buyers and sellers can trade quickly without big price swings; think of it as the stocked shelves in a store that let customers find what they need without waiting. For investors, larger, healthier pools mean easier entry and exit, smaller price impact when trading, and generally lower costs and risk when buying or selling a position.

View in glossary

decentralized prediction market protocol technical

"a leading decentralized prediction market protocol, and a meaningful validation"

A decentralized prediction market protocol is a ruleset and software system, usually running on a blockchain, that lets many people buy and sell shares that pay out based on the outcome of future events—like a public betting pool that records trades without a central referee. For investors it matters because these markets aggregate diverse opinions into prices that can signal expected outcomes, create trading opportunities, and expose risks tied to event-driven changes in asset values.

token financial

"RAIN token holdings were 79,568,550,005 tokens, with a total value"

A token is a digital unit of value created on a blockchain that can represent money, access rights, ownership stakes, or unique items; think of it like a digital ticket or coupon that can be traded, used, or collected. Investors care because tokens can carry financial value, entitle holders to returns or governance rights, and their supply, legal status, and market demand affect price and risk in ways similar to stocks or commodities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Rain, with an additional $100 Million Liquidity Commitment, Currently Anchors Top Three Positioning Among Global Prediction Market Leaders, Following Polymarket, with Approximately $450 million, and Kalshi¹.
• Rain’s Upgraded Positioning as a Top-3 Prediction Market and the Scale of its Capital Deployment Reinforce the Potential of the Enlivex Treasury Strategy
• As of May 26, 2026, Enlivex's RAIN token holdings were 79,568,550,005 tokens, with a total value of approximately $919 million.
• In addition, Enlivex holds an option to acquire up to 271,372,418,179 RAIN tokens from the Rain Foundation, at a purchase price of $0.0033 per RAIN token. The option’s expiration date is Dec. 31, 2027. The option’s intrinsic value was $2.23 billion as of May 26, 2026.

Nes-Ziona, Israel, May 27, 2026 (GLOBE NEWSWIRE) -- Enlivex Ltd. (Nasdaq: ENLV, "Enlivex" or the "Company"), a quality longevity company powered by a prediction markets treasury, today commented on the Rain Foundation's announcement of a $100 million liquidity commitment to Rain's prediction markets protocol. The increased liquidity currently positions Rain as the third-largest prediction market protocol globally by Total Value Locked (TVL), alongside Polymarket and Kalshi.

According to the Rain Foundation, the additional $100 million liquidity pool, comprising $50 million in USDT and $50 million in RAIN tokens, is expected to provide substantial market depth and scalable infrastructure ahead of an anticipated increase in prediction market activity during the upcoming FIFA World Cup Soccer tournament.

As of May 2026, Polymarket leads the prediction market category with approximately $450 million in TVL¹. Rain's $100 million liquidity commitment positions the protocol as the third-largest globally, alongside the category leaders.

Shai Novik, Executive Chairman of Enlivex, said, "We believe that Rain's positioning among the three largest prediction market platforms globally is a major step in Rain’s quest to become a leading decentralized prediction market protocol, and a meaningful validation of our treasury strategy. We further believe that the scale of capital deployment reflects strong conviction in the continued growth of Rain, and reinforces our confidence in the dual strategy we have built for Enlivex."

Enlivex currently holds approximately 79,568,550,005 RAIN tokens and expects continued maturation of the prediction markets ecosystem to reinforce the strategic positioning of its treasury holdings.

About Enlivex (Nasdaq: ENLV)

Enlivex is a quality longevity company powered by a prediction markets treasury. The Company is advancing Allocetra™, an advanced clinical-stage immunotherapy targeting inflammatory conditions associated with aging, with a primary focus on age-related osteoarthritis. In addition to its clinical programs, Enlivex operates a prediction markets treasury strategy built around the Rain protocol, the leading decentralized prediction markets infrastructure on Arbitrum. This dual strategy combines the development of quality longevity therapeutics with exposure to the emerging prediction markets ecosystem.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "would," "could," "intends," "estimates," "suggests," "target," "has the potential to," "goal," and other words of similar meaning, including statements relating to the anticipated benefits of the Company's digital asset treasury strategy; the assets to be held by the Company; the expected future market, price, trading activity, and liquidity of the RAIN token; the impact of expanded exchange listings and increased token liquidity on market participation and accessibility; the potential effects of digital asset liquidity on the liquidity of the Company's ordinary shares; macroeconomic, political, and regulatory conditions surrounding digital assets; the Company's plans for value creation and strategic positioning; market size and growth opportunities; regulatory conditions; competitive position; technological and market trends; future financial condition and performance; expected clinical trial results; market opportunities for the results of current clinical studies and preclinical experiments; and the effectiveness of, and market opportunities for, Allocetra™ programs.

Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the risk of failure to realize the anticipated benefits of the Company's digital asset treasury strategy; changes in business, market, financial, political, and regulatory conditions; risks relating to the Company's operations and business, including the highly volatile nature of the price, trading volume, and liquidity of RAIN and other cryptocurrencies; risks associated with digital asset exchange listings, trading venues, and market infrastructure; the risk that the price and liquidity of the Company's ordinary shares may be correlated with the price or liquidity of the digital assets it holds; risks related to increased competition in the industries in which the Company operates; risks relating to significant legal, commercial, regulatory, and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; and those risks and uncertainties identified in the Company's filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements, except as required by applicable law.

ENLIVEX CONTACT Shachar Shlosberger, CFO Enlivex Ltd. shachar@enlivex.com

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¹ Source: https://dune.com/rain_predictions/rain; https://defillama.com/protocols/prediction-market;

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What RAIN token holdings did Enlivex (NASDAQ:ENLV) report as of May 26, 2026?

Enlivex reported holding about 79,568,550,005 RAIN tokens valued near $919 million. According to Enlivex, these holdings form a core part of its prediction markets treasury strategy and are expected to benefit from continued maturation of the prediction markets ecosystem.

What is the $100 million Rain liquidity commitment highlighted by Enlivex (ENLV)?

Rain received a $100 million liquidity commitment split between $50 million USDT and $50 million RAIN tokens. According to Enlivex, this pool is designed to deepen market liquidity and infrastructure ahead of expected activity around the upcoming FIFA World Cup tournament.

How does Rain’s $100 million liquidity affect its ranking among prediction markets?

The $100 million liquidity currently positions Rain as the third-largest prediction market protocol by TVL. According to Enlivex, Rain now stands alongside category leaders such as Polymarket, which holds about $450 million in TVL, and Kalshi in global league tables.

What option on RAIN tokens does Enlivex (ENLV) hold and when does it expire?

Enlivex holds an option to buy up to 271,372,418,179 RAIN tokens at $0.0033 each, expiring December 31, 2027. According to Enlivex, the option’s intrinsic value was about $2.23 billion as of May 26, 2026, highlighting sizable potential exposure.

How does Rain’s top-three TVL status relate to Enlivex’s treasury strategy?

Rain’s position among the three largest prediction market platforms by TVL is viewed as supporting Enlivex’s treasury approach. According to Enlivex, this status, combined with significant capital deployment, reinforces confidence in its dual strategy built around prediction markets and longevity.