Mega Matrix Files $2 Billion Registration Statement to Advance Stablecoin Governance Token Strategy

Mega Matrix, a company listed on the New York American Stock Exchange, announced that it has filed a general shelf registration statement (Form F-3) with the U.S. Securities and Exchange Commission (SEC) to raise $2 billion to support its stablecoin governance token (DAT) strategy, with the goal of building the world's largest stablecoin governance token company. Last week, the company announced that Ethena's governance token, $ENA, would be the primary target of its DAT strategy. Once the registration statement becomes effective, the company will have the flexibility to issue up to $2 billion in Class A common stock, preferred stock, bonds, warrants, or a combination thereof, to systematically accumulate the governance tokens of leading stablecoins. (PRNewswire)