Mega Matrix to Hold ENA Tokens as Part of Treasury Strategy

Mega Matrix Inc. (NYSE American: MPU) announced a new digital asset treasury (DAT) strategy focused on stablecoin governance tokens, with Ethena’s $ENA token as the main reserve asset. The company said the approach is intended to give it an active role in stablecoin governance while building a position in the growing stablecoin sector.

Ethena is a protocol on Ethereum that issues $USDe. The $ENA token is used for governance and incentives within the protocol. $USDe has become the third-largest stablecoin by circulation, after Tether and Circle, reaching over $10 billion in supply within 500 days. The growth has been supported by its DeFi-based model and yield mechanisms. Mega Matrix plans to purchase $ENA tokens under its DAT program, depending on market conditions.

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