Mega Matrix Inc. Announces First Purchase of $3 million worth of ENA tokens to implement its Stablecoin Governance Tokens DAT Strategy

Core Insights - Mega Matrix Inc. has made its first strategic acquisition of approximately $3 million worth of ENA tokens, purchasing 3.86 million tokens at an average cost of $0.7117 per token, marking the initial implementation of its stablecoin governance token DAT strategy [1][2]. Group 1: Acquisition Details - The acquisition of ENA tokens is a concrete step in executing the company's DAT strategy, with plans to accumulate ENA on a weekly basis based on market conditions [2]. - The total investment in ENA tokens is approximately $3 million, reflecting the company's commitment to building a premier treasury reserve for stablecoin governance tokens [1][2]. Group 2: Company Overview - Mega Matrix Inc. is a holding company headquartered in Singapore, focusing on strategic expansion into the stablecoin governance tokens treasury reserve [2]. - The company operates FlexTV, a short-video streaming platform, through its wholly owned subsidiary Yuder Pte, Ltd. [2].