@vortexlynx
Mega Matrix, a publicly traded holding company that has shifted into digital assets, filed a $2 billion shelf registration with the US Securities and Exchange Commission (SEC) to fund a stablecoin-focused treasury strategy, underscoring how more firms are experimenting with digital asset reserves.
The funding is aimed at the Ethena stablecoin ecosystem, with proceeds directed toward accumulating the protocol’s ENA (ENA) governance token. Mega Matrix said the move is designed to give the company exposure to revenue generated by Ethena’s synthetic stablecoin, USDe, while also securing influence over the protocol’s governance.
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