Ethena enters reserve strategy talks as Mega Matrix files with SEC

Mega Matrix ￰0￱ a new facility to buy stablecoin governance tokens, starting with Ethena (ENA). The company announced a $2B universal shelf registration, allowing the company to list a wide range of equity and debt in the next two ￰1￱ Matrix ￰2￱ for a $2B facility on its latest S-3 ￰3￱ universal shelf registration will allow Mega Matrix to tap a wide range of equity and debt instruments within a three-year time ￰4￱ company’s digital asset treasury (DAT) approach aims to tap tokens that are used for issuing, backing, and governance of special ￰5￱ issuers are a relatively risky type of crypto project, which nevertheless tap the overall market ￰6￱ first token to be added to the treasury will be Ethena (ENA), the issuer of USDe and ￰7￱ most treasury companies are still focused on Ethereum, Mega Matrix goes directly to Ethena as a way to tap both ETH earnings and the protocol’s native ￰8￱ Matrix move shows confidence in Ethena Following the news, Mega Matrix MPU shares traded around $1.83, down from their August peak of $3.66.

MPU rallied as of August 23, when the first version of the S-3 filing emerged, and the market had already discounted the news of a ￰9￱ still traded around $0.70, close to the higher range for the past three ￰10￱ Ethena project benefitted from the August ETH rally, as it expanded USDe stablecoin issuance to 12.5B tokens, an all-time ￰11￱ just months ago, Ethena was seen as too risky, the ETH bull market boosted the protocol, turning it into one of the key providers of ￰12￱ has also been stress-tested by ETH downturns and liquidations, managing its USDe asset without price shocks. Ethena’s USDe increased its supply to a record 12.5B tokens, tracking the ETH bull market. |) crash, with lessons learned and a more sophisticated toolset for issuing and staking ￰13￱ Matrix still seeks buyers to start its DAT strategy The shelf registration was announced, but it still needs to be ￰14￱ will be able to sell shares and debts for up to $2B, including Class A common stock, preferred stock, debt securities, or other combinations of ￰15￱ Matrix will add prospectus supplements for each offering if there are suitable buyers. “ The $2 billion universal shelf registration, once effective, provides MPU with the flexibility to support our DAT strategy in this new ￰16￱ tokens are the equity of stablecoin ecosystems, such as $ENA.

By building strategic positions, MPU gains both financial upside and a seat at the table where the future of money is being coded,” stated the management of Mega ￰17￱ ENA treasury is thus not guaranteed, as with multiple cases of crypto reserves that failed to see sufficient ￰18￱ remains attractive for its revenue-sharing program, meaning treasuries may offer additional yield for ￰19￱ also offers significant annualized returns for holding. However, the announcement of new treasuries now has a more subdued effect on both stocks and the underlying ￰20￱ Bybit now and claim a $50 bonus in minutes