Mega Matrix Inc. Files $2 Billion Shelf Registration to Advance Stablecoin Governance Token Strategy

08 September 2025 | Monday | News

Filing aims to support MPU’s DAT strategy, including accumulation of leading tokens like $ENA, as the Company positions to become the largest stablecoin governance token holder in the emerging decentralized finance landscape.
Picture Courtesy | Public Domain

Picture Courtesy | Public Domain

 

Mega Matrix Inc. ("MPU" or the "Company")  announced the filing of a $2 Billion universal shelf registration statement on Form F-3 ("Shelf Registration") with the U.S. Securities and Exchange Commission ("SEC") to support stablecoin governance token DAT strategy and aiming to build the largest stablecoin governance token DAT company. Following last week's announcement of Ethena's governance token $ENA as a primary target of MPU stablecoin governance token DAT strategy. MPU plans to leverage this financing flexibility to raise capital to systematically accumulate leading stablecoin governance tokens.

Once declared effective, the Shelf Registration will allow MPU to offer and sell, from time to time, up to an aggregate of $2 billion of its Class A ordinary shares, preferred shares, debt securities, warrants, units, or a combination thereof (together, the "Securities"), on a registered basis, subject to market conditions, the MPU's capital needs, and limitations imposed by SEC rules and applicable securities laws. The terms of any such offering, including the specific terms and prices of the Securities, will be determined at the time of such offering and be made solely by means of the prospectus included in the Shelf Registration and any prospectus supplement that may be filed with the SEC relating to such offering.

The management of MPU stated: "The $2 billion universal shelf registration, once effective, provides MPU with the flexibility to support our DAT strategy in this new era. Governance 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."

The Shelf Registration has been filed with the SEC but has not yet become effective. The Securities covered by the registration may not be sold, nor may offers to buy the securities be accepted prior to the effectiveness of the registration statement. The terms of any such offerings under the registration statement will be established at the time of such offering, will be subject to market conditions, and will be described in detail in a supplement to the prospectus filed with the SEC relating to such offering.

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