Mega Matrix Launches $2 Billion DeFi Strategy wiht ENA Token Purchase
Mega Matrix, the Singapore-based firm, has embarked on an ambitious journey into the world of decentralized finance (DeFi). The company kicked off its $2 billion DeFi Asset Treasury (DAT) strategy by acquiring 3.86 million ENA tokens worth $3 million. This strategic move marks a notable shift from streaming content to securing governance power within DeFi.
the purchase was completed over two weeks, with an average cost of $0.7117 per token. According to Mega Matrix, this isn’t a standalone event.Rather, it’s the beginning of a regular, weekly accumulation plan subject to market conditions. Their aim is to build the top treasury reserve of stablecoin governance tokens.
“We’re committed to reinforcing our DAT strategy by systematically accumulating ENA on a weekly basis. Governance tokens like ENA are crucial assets representing the equity of stablecoin ecosystems,” said Mega Matrix. “they offer us a seat at the table where the future of money is shaped.”
This initiative stems from a worldwide shelf registration filed on September 4th. It allows the company to raise up to $2 billion over three years through various securities. ENA tokens stand out as a primary target for ongoing accumulation.
Investors welcomed the move warmly. pre-market trading saw Mega Matrix’s stock soar 15%, reaching $1.94. However, the earlier announcement of the $2 billion plan led to a brief dip of nearly 4%, as the market digested the scope of the project.
- Mega Matrix acquired 3.86 million ENA tokens valued at $3 million.
- This purchase is part of a weekly accumulation plan for DeFi governance tokens.
- Shares jumped 15% in pre-market trading after the announcement.
