Mega Matrix has just kicked off its big $2 billion play by buying a whopping 3.86 million ENA tokens. That’s right, folks. They’re shifting gears from streaming videos (because, who needs that in 2025?) to playing hardball in DeFi. The goal? Accumulate governance power like it’s going out of style. Sounds like a bold move, right? Almost like buying stock in “The Future of Money.” 🤑💰
MPU) executed its first purchase under their fancy new “DeFi Asset Treasury” plan. They picked up $3 million worth of ENA tokens, because, sure, that’s what you do when you’re trying to “reinforce” your position in the world of stablecoins and governance tokens. 🤔
The purchase, which averaged $0.7117 per token, was completed over a two-week period using the volume-weighted average price. Sounds technical. But hey, what’s important is that this isn’t a one-time thing. Nope. It’s part of a big, systematic, “we know what we’re doing” weekly accumulation plan. Because who doesn’t like a good long-term strategy with a nice, vague “contingent on market conditions” thrown in there?
“Moving forward, we plan to systematically execute our strategy by accumulating ENA on a weekly basis,” Mega Matrix proudly declared. Sounds like someone’s been listening to too many motivational speakers, huh? “Reinforcing our commitment to building the premier treasury reserve for stablecoin governance tokens!” Whatever that means. 🙄
From Shelf Registration to ENA Hoarding: The Road to Riches
And here’s the kicker: the ENA token buy wasn’t just a spontaneous act of crypto hunger. It’s actually part of a bigger picture Mega Matrix hinted at a few days before. On September 4, they filed a universal shelf registration with the SEC (you know, the guys who keep the markets from going full chaos mode). This gives them the green light to raise up to $2 billion over the next three years. They can do this by issuing shares, debt, or-wait for it-warrants. Yeah, all the good stuff. And guess what? All this is for the DeFi treasure chest, with ENA as the main target.
And what do investors think of this new crypto fantasy world? Well, they’re pretty into it, clearly. Mega Matrix’s stock shot up by 15% in pre-market trading, climbing to $1.94. A solid move, especially when you consider that earlier in the month, shares had dipped by almost 4%. Who knew a few million ENA tokens could turn the whole thing around? Go figure. 💸📈
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2025-09-12 18:26