Mega Matrix has carried out a second ANA purchase of $ 3 million. This brings its total trek to $ 6 million, which indicates a dedication to his strategy for governance and broader Defi ambitions.
Summary
- Mega Matrix adds another $ 3 million to Ethena’s ENA, so that the total number of companies is brought to $ 6 million.
- The move is part of its new Defi Asset Treasury (DAT) strategy aimed at Stablecoin Governance -Tokens.
- Shares fell 2.49% in pre-market despite the long-term vision of the company.
According to a press release of 19 September, the Singapore -based holding company Mega Matrix (NYSE: MPU) has completed a systematic accumulation of Ethena’s (ENA) token, now a total of around $ 6 million.
The company said it received 8.46 million tokens at an average price of $ 0.7165, with $ 3 million of that total purchased in the week before the announcement.
Mega Matrix Management confirmed This methodical accumulation, performed using a one -day volume -weighted average price model, is a direct continuation of the Defi Asset Treasury (DAT) strategy it launched last week.
“After our launch of MPU’s Stablecoin Governance Token Tkenury Reserve strategy, we have further expanded our interests of ENA and we will continue to perform weekly accumulations based on market conditions, so that our dedication to building the most important treasury reserve for Stablecoin Tokens, said.
Mega Matrix’s Stablecoin Governance Token Treasury strategy
Mega Matrix revealed his strategy to the public on 12 September with an inaugural $ 3 million ENA purchase. However, the blueprint was laid out a little more than a week earlier. On 4 September, the company submitted a universal plank registration to the Securities and Exchange Commission, a maneuver that, once effectively, positions to possibly collect up to $ 2 billion for this Treasury initiative.
The reasoning of management for focusing assets such as ENA is that they represent ‘equity of Stablecoin -ecosystems’. This framing is crucial. The company does not approach these tokens as speculative transactions, but as strategic assets that “give a seat at the table where the future of money is coded”.
Mega Matrix seems to bet that governance power over fundamental Defi protocols such as Ethena will become an invaluably business -active, may generate yields, drive partnerships or offer a competitive advantage as the digital economy evolves.
However, this long -term vision collided with short -term septicism after the last announcement. Despite the implementation by the company of the explained plan, the shares of MPU Dip 2.49% in pre-market trade. This reaction contrasts with the market’s response to the first ENA purchase on 12 September, which means that shares are sent by 15%.
