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09/12 13:43

ENA becomes Mega Matrix’s opening move in $2b DeFi

ENA becomes Mega Matrix’s opening move in $2b DeFi treasury plan
Mega Matrix has fired the first shot in its ambitious $2 billion strategy by acquiring 3.86 million ENA tokens. This move signals a bold corporate pivot from streaming content to directly accumulating governance power within the foundational layers of DeFi.

Summary
Mega Matrix launched its $2 billion DeFi treasury plan with a $3 million purchase of 3.86M ENA tokens.
The Singapore-based firm plans weekly ENA accumulation as part of its DeFi Asset Treasury strategy.
Shares jumped 15% pre-market following the announcement.
According to a press release dated Sept. 12, the Singapore-based holding company Mega Matrix (NYSE: MPU) executed its inaugural purchase under a new DeFi Asset Treasury (DAT) strategy, acquiring $3 million worth of Ethena’s ENA token.

The acquisition, averaging $0.7117 per token inclusive of fees, was accumulated over a two-week period using the one-day volume-weighted average price. Mega Matrix management confirmed in the statement that this is not a one-off trade, but the initial step in a systematic, weekly accumulation plan contingent on market conditions.

“Moving forward and based on market conditions, we plan to systematically execute our strategy by accumulating ENA on a weekly basis, reinforcing our commitment to building the premier treasury reserve for stablecoin governance tokens,” the team said.

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