Mega Matrix Inc. has filed a $2 billion registration statement with the U.S. Securities and Exchange Commission to build a treasury for governance tokens, focusing on Ethena’s ENA and other stablecoin tokens.
According to the press release, the filing will let the company issue Class A shares, preferred shares, debt, and warrants to raise funds. Mega Matrix said the goal is to use the money to collect governance tokens under its DAT strategy and gain influence in stablecoin networks.
The company highlighted ENA as its main target but confirmed plans to acquire other top stablecoin governance tokens. “Governance tokens are the equity of stablecoin ecosystems.”
Mega Matrix said. “By building strategic positions, MPU gains both financial upside and a seat at the table where the future of money is being coded.” The filing allows flexibility in timing, so the company can act depending on market conditions and needs.
Mega Matrix warned about risks including price swings, regulatory uncertainty, and broader economic changes. The registration is not effective yet and no shares can be sold until SEC approval.
Specific terms of any offerings will be shared later through a prospectus supplement. The company stressed that the filing does not mean it is selling shares yet and all actions will follow legal requirements.
This filing is part of Mega Matrix’s plan to grow a large stablecoin governance token treasury. The company said it wants to strengthen its role in stablecoin networks and build long-term reserves in digital assets.
The $2 billion registration reflects how Mega Matrix plans to use regulated offerings to enter decentralized finance. The company noted that its treasury strategy will focus on ENA and other leading governance tokens.
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