After Bitcoin and Ethereum, Mega Matrix Bets $2B on ENA as Next Treasury Asset
Mega Matrix (NYSE:MPU) has filed a groundbreaking $2 billion universal shelf registration with the SEC to implement its Digital Asset Treasury (DAT) strategy, focusing on ENA, the governance token of stablecoin USDe. This marks MPU as the first U.S.-listed company to center its corporate treasury on ENA.
USDe has emerged as the world's third-largest stablecoin, with its market cap growing over 200% since August 2024. The strategy leverages both yield potential from USDe's expansion and ENA's token price appreciation. Industry forecasts project the stablecoin market to reach between $1.2-4 trillion by 2028-2035, while MPU's internal analysis suggests potential growth to $10 trillion.
USDe has demonstrated remarkable growth, generating $100 million in revenue within 250 days and reaching $10 billion in circulation in 500 days, positioning ENA as a strategic treasury asset.
Mega Matrix (NYSE:MPU) ha presentato una rivoluzionaria registrazione universale di 2 miliardi di dollari presso la SEC per mettere in pratica la sua strategia Digital Asset Treasury (DAT), focalizzandosi su ENA, il token di governance dello stablecoin USDe. Questo rende MPU la prima azienda quotata negli Stati Uniti a dirigere la propria tesoreria aziendale verso ENA.
USDe è diventato lo stablecoin più grande dopo i primi tre al mondo, con una capitalizzazione di mercato cresciuta di oltre 200% dall'agosto 2024. La strategia punta sia al potenziale di rendimento derivante dall'espansione di USDe sia all'apprezzamento del prezzo del token ENA. Le previsioni del settore indicano che il mercato delle stablecoin potrebbe avvicinarsi a una fascia tra 1,2 e 4 trilioni di dollari entro il 2028-2035, mentre l'analisi interna di MPU suggerisce una crescita potenziale fino a 10 trilioni.
USDe ha mostrato una crescita notevole, generando 100 milioni di dollari di ricavi in 250 giorni e raggiungendo 10 miliardi di dollari in circolazione in 500 giorni, posizionando ENA come un asset strategico per la tesoreria.
Mega Matrix (NYSE:MPU) ha presentado una revolucionaria suscripción universal de 2 mil millones de dólares ante la SEC para implementar su estrategia Digital Asset Treasury (DAT), centrada en ENA, el token de gobernanza del stablecoin USDe. Esto coloca a MPU como la primera empresa cotizada en EE. UU. en orientar su tesorería corporativa hacia ENA.
USDe ha emergido como el tercer stablecoin más grande del mundo, con una capitalización de mercado que ha crecido más del 200% desde agosto de 2024. La estrategia aprovecha tanto el potencial de rendimiento por la expansión de USDe como la apreciación del precio del token ENA. Las previsiones de la industria proyectan que el mercado de stablecoins alcance entre 1,2 y 4 billones de dólares para 2028-2035, mientras que el análisis interno de MPU sugiere un crecimiento potencial de hasta 10 billones.
USDe ha mostrado un crecimiento notable, generando 100 millones de dólares en ingresos en 250 días y alcanzando 10 mil millones de dólares en circulación en 500 días, posicionando a ENA como un activo estratégico de tesorería.
Mega Matrix (NYSE:MPU)가 SEC에 20억 달러 규모의 범용 주식 등록을 제출하여 Digital Asset Treasury(DAT) 전략을 실행하려고 합니다. 이는 안정코인 USDe의 거버넌스 토큰인 ENA에 초점을 맞추고 있습니다. 이것은 MPU가 ENA를 중심으로 미국 상장 기업으로서 최초로 기업 재무를 꾸리는 사례가 됩니다.
USDe는 세계에서 세 번째로 큰 안정코인으로 떠올랐으며, 시가총액은 2024년 8월 이후 200% 이상 증가했습니다. 이 전략은 USDe 확장으로 얻는 수익 잠재력과 ENA 토큰 가격 상승 모두를 활용합니다. 업계 예측에 따르면 안정코인 시장은 2028-2035년 사이에 1.2~4조 달러에 이를 것으로 보이며, MPU의 내부 분석은 최대 10조 달러 성장 가능성을 시사합니다.
USDe는 놀라운 성장을 보여주며 250일 만에 1억 달러의 매출을 창출했고, 500일 만에 시가 100억 달러를 달성했습니다. 이는 ENA를 재무 자산의 전략적 보유 자산으로 위치시키고 있습니다.
Mega Matrix (NYSE:MPU) a déposé auprès de la SEC une ouverture universelle de 2 milliards de dollars révolutionnaire afin de mettre en œuvre sa stratégie Digital Asset Treasury (DAT), en se concentrant sur ENA, le jeton de gouvernance du stablecoin USDe. Cela fait de MPU la première entreprise cotée américaine à placer sa trésorerie d’entreprise autour d’ENA.
USDe est devenu le troisième stablecoin le plus important au monde, avec une capitalisation boursière en croissance de plus de 200 % depuis août 2024. La stratégie tire parti à la fois du potentiel de rendement lié à l’expansion de USDe et de l’appréciation du prix du jeton ENA. Les prévisions de l’industrie prévoient que le marché des stablecoins atteigne entre 1,2 et 4 trillions de dollars d’ici 2028-2035, tandis que l’analyse interne de MPU suggère une croissance potentielle jusqu’à 10 trillions.
USDe a démontré une croissance remarquable, générant 100 millions de dollars de revenus en 250 jours et atteignant 10 milliards de dollars en circulation en 500 jours, positionnant ENA comme un actif stratégique de trésorerie.
Mega Matrix (NYSE:MPU) hat bei der SEC eine bahnbrechende 2-Milliarden-Dollar-Universalregistrierung eingereicht, um seine Strategie Digital Asset Treasury (DAT) umzusetzen, mit Fokus auf ENA, dem Governance-Token des Stablecoins USDe. Dies macht MPU zur ersten an der US-Börse gelisteten Firma, die die Unternehmens-Tresor über ENA zentriert.
USDe hat sich als weltweit drittgrößter Stablecoin etabliert, wobei seine Marktkapitalisierung seit August 2024 um über 200% gestiegen ist. Die Strategie nutzt sowohl das Renditepotenzial durch die Expansion von USDe als auch die Preisaufwertung von ENA. Branchenprognosen gehen davon aus, dass der Stablecoin-Markt bis 2028-2035 zwischen 1,2 und 4 Billionen US-Dollar erreichen könnte, während MPUs interne Analyse ein Potenzialwachstum bis zu 10 Billionen erwartet.
USDe hat ein bemerkenswertes Wachstum gezeigt, 100 Millionen US-Dollar Umsatz in 250 Tagen generiert und 10 Milliarden US-Dollar Umlaufkapital in 500 Tagen erreicht, wodurch ENA zu einem strategischen Tresor-Wertpapier wird.
ميغا ماتريكس (بورصة نيويورك: MPU) قدمت تسجيلًا عالميًا ثوريًا بقيمة 2 مليار دولار لدى هيئة الأوراق المالية لتنفيذ استراتيجيتها للخزانة الرقمية للأصول (DAT)، مع التركيز على ENA، رمز الحوكمة الخاص بـStablecoin USDe. وهذا يجعل MPU أول شركة مدرجة في الولايات المتحدة تركز خزانتها المؤسسية على ENA.
لقد ظهر USDe كـ ثالث أكبر عملة مستقرة في العالم، حيث نمت قيمته السوقية بأكثر من 200% منذ أغسطس 2024. تستفيد الاستراتيجية من إمكانات العائد الناتجة عن توسع USDe وكذلك من ارتفاع سعر رمز ENA. وتشير توقعات الصناعة إلى أن سوق العملات المستقرة قد يصل إلى نطاق بين 1.2-4 تريليون دولار بحلول 2028-2035، بينما تشير التحليلات الداخلية لـ MPU إلى نمو محتمل حتى عشرة تريليونات.
لقد أظهر USDe نموًا ملحوظًا، حيث حقق 100 مليون دولار من الإيرادات خلال 250 يومًا وتخطى عشرة مليارات دولار في التداول خلال 500 يوم، ممهِّدًا الطريق لجعل ENA أداة خزانة استراتيجية.
Mega Matrix (NYSE:MPU) 已向美国证券交易委员会提交一项颠覆性的 20亿美元通用注册，以实施其数字资产财政（DAT）战略，重点放在 ENA——稳定币 USDe 的治理代币。这标志着 MPU 成为第一家以 ENA 为核心的美股上市公司将公司宝藏管理集中于 ENA。
USDe 已成为全球< b>第三大稳定币，自 2024 年 8 月以来市值增长超过 200%。该战略同时利用 USDe 的扩张带来的收益潜力以及 ENA 代币价格的上涨。行业预测表明，稳定币市场到 2028-2035 年可能达到 1.2-4 万亿美元 的规模，而 MPU 的内部分析则指向潜在的增长至 10 万亿美元。
USDe 展现出显著增长，在 250 天内实现 1 亿美元收入，在 500 天内达到 100 亿美元的流通量，使 ENA 成为一个战略性的财政资产。
- First U.S.-listed company to implement ENA-based treasury strategy
- USDe achieved 200% market cap growth since August 2024, outperforming USDC (87%) and USDT (39.5%)
- USDe generated $100 million revenue in 250 days
- USDe reached $10 billion circulation in 500 days
- USDe is the first yield-bearing stablecoin to achieve scale
- 70% supply surge ($4.2 billion) following U.S. Genius Act passage
- Approximately 50% of ENA supply remains locked with 3-year vesting period
- Token inflation risk from future unlocks
- $2 billion shelf registration may lead to potential dilution
- Regulatory uncertainty in stablecoin market
Insights
Mega Matrix's $2B bet on ENA represents a strategic evolution in corporate treasury management, leveraging USDe's rapid growth trajectory.
Mega Matrix's
The strategic rationale offers compelling differentiation. Rather than simply holding assets speculatively, MPU is positioning for dual-leverage exposure: capturing yield from USDe's expansion while potentially benefiting from ENA token appreciation. This approach aligns treasury management with actual utility and revenue generation.
USDe's market performance validates this strategy. Having grown to become the third-largest stablecoin with
The pending "Fee Switch" activation represents a critical inflection point. Once activated, ENA holders will participate directly in protocol revenues, creating a dividend-like mechanism with the scarcity benefits of a capped token supply.
While promising, MPU's strategy faces challenges. With approximately half of ENA supply still locked and vesting over three years, substantial token inflation presents a headwind. Additionally, MPU is purchasing unlocked ENA from the open market rather than acquiring it through private placement, potentially exposing them to market volatility.
Given the industry forecasts projecting stablecoin markets reaching
Strategic Differentiation
Unlike earlier DAT models, MPU is taking a different path by focusing directly on ENA. By anchoring its balance sheet to ENA, the company sees "double leverage": exposure to yield as USDe expands, and potential appreciation in ENA's token price.
As of September 2025, USDe has become the world's third-largest stablecoin, trailing only Tether (USDT) and Circle (USDC), and the largest fully on-chain stablecoin. Since August 2024, USDe's market cap has climbed more than
The investment logic is straightforward. As the stablecoin market expands, USDe continues to outpace its peers, driving higher protocol profits. Once the Fee Switch is activated, a portion of those profits will flow to ENA holders, amplifying the token's scarcity value. With ENA's supply capped and USDe expected to scale by orders of magnitude, the long-term value of ENA — both in governance and yield — is positioned to rise substantially. In short, ENA offers equity-like dividends with the scarcity of a capped token.
Stablecoins: From Billions to Trillions
Institutional forecasts already point to multi-trillion-dollar demand for stablecoins over the next decade. Citi projects
MPU argues these projections remain conservative. Its internal analysis suggests the market could ultimately approach
USDe/ENA Outperform Peers
Under the new
Colin Butler, Executive Vice President and Global Head of Markets at MPU, said:"USDe has already proven its sustainability — generating
Songtao Jia, Chief Strategy Officer at MPU, added:"USDe is more than just a rival to USDC or USDT — its real strength is openness. From the outset, it integrated with DeFi ecosystems like Aave, Curve, Pendle, Sky, and EigenLayer, instead of building a walled garden. That makes USDe feel less like a product and more like infrastructure. It's not simply a stablecoin; it's beginning to look like the operating system for decentralized finance."
MPU is not alone in its ENA strategy，MPU purchases unlocked ENA from the open market.Inflation from token unlocks remains a factor. Roughly half of ENA supply is still locked and will vest over three years. MPU views this as a typical "rite of passage" for young digital assets, noting that USDe's rapid growth far outpaces inflation.
About Mega Matrix Inc.
Mega Matrix Inc. (NYSE: MPU) is a publicly traded company pioneering the integration of digital assets into corporate treasury strategies. Originally a diversified holding company with interests spanning ETH staking, and short drama streaming services, Mega Matrix has strategically pivoted to focus on blockchain innovation, stablecoins, and decentralized finance. Through its Digital Asset Treasury (DAT) strategy, the company builds strategic positions in governance tokens, including ENA, the governance token of the rapidly growing USDe stablecoin protocol, combining potential yield, appreciation, and active governance participation. For more information, please visit: https://megamatrix.io/
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SOURCE Mega Matrix Corp
FAQ
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