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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.<\/p>\n
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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\u2019s ENA token.<\/p>\n
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<\/a> that this is not a one-off trade, but the initial step in a systematic, weekly accumulation plan contingent on market conditions.<\/p>\n \u201cMoving 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,\u201d the team said.<\/p>\n<\/blockquote>\n <\/p>\n The ENA purchase is an execution of a plan Mega Matrix first telegraphed to the market just days ago. On Sept. 4, the company filed a universal shelf registration statement on Form F-3 with the Securities and Exchange Commission, a move that, once effective, grants it the flexibility to raise up to $2 billion over a three-year period through the potential issuance of various securities, including shares, debt, or warrants.<\/p>\n The company said this potential capital pool is earmarked solely for its DAT strategy, with ENA named as a primary target for systematic accumulation. According to management, governance tokens like ENA represent \u201cthe equity of stablecoin ecosystems\u201d and can provide a \u201cseat at the table where the future of money is being coded.\u201d<\/p>\n\n
From shelf registration to ENA accumulation<\/strong><\/h2>\n