Core Viewpoint - Mega Matrix Inc. has approved the purchase of Bitcoin and/or Ethereum to hold as treasury reserve assets, indicating a strategic shift towards incorporating cryptocurrency into its financial strategy [1][2]. Company Overview - Mega Matrix Inc. operates FlexTV, a short-video streaming platform and producer of short dramas, through its wholly owned subsidiary Yuder Pte, Ltd. The company is headquartered in Singapore and is incorporated in the Cayman Islands [2]. Financial Strategy - The CEO of Mega Matrix Inc., Yucheng Hu, stated that Bitcoin and Ethereum are viewed as next-generation treasury assets that will enhance the company's financial strategy while maintaining focus on its core streaming business [2]. Disclosure and Communication - The company utilizes various social media channels for disclosing material information and complying with regulatory obligations, including Twitter, Facebook, LinkedIn, TikTok, and YouTube [4][5]. Future Outlook - The company’s decision to invest in cryptocurrencies reflects a broader trend in the industry towards diversifying treasury assets, which may strengthen its long-term balance sheet positioning [2].
Mega Matrix Inc. Board of Directors Approves Bitcoin and Ethereum as Treasury Reserve Asset