Stablecoin Governance Push: Mega Matrix Files $2 Billion Shelf Registration with SEC

Anny Sam
September 5, 2025
3:15 pm

Anny Sam

Anny is a skilled crypto writer, delivering clear, engaging content that simplifies complex blockchain concepts for a broad audience.

Mega Matrix files a $2 billion shelf registration to back its stablecoin DAT strategy.
The company aims to accumulate leading governance tokens, including $ENA.
Financing flexibility gives MPU room to strengthen its role in stablecoin ecosystems.

Mega Matrix Inc. (NYSE American: MPU) has moved forward with a major financial step. The company filed a $2 billion universal shelf registration with the U.S. Securities and Exchange Commission. This filing sets the stage for a broad fundraising plan that supports its stablecoin strategy.

A new chapter starts today.

I’ve joined @MegaMatrixMPU (NYSE: MPU) to lead its new direction as a DAT.

MegaMatrix is in a new class of DATs focused on crypto’s breakout, revenue-generating infrastructure. Our roadmap begins with $ENA and Ethena’s USDe.

In just 500 days, USDe… pic.twitter.com/kLbTfupxYV
— Colin Butler (@RealCryptoColin) September 4, 2025

It gives the company the option of making securities issuances when market conditions are favorable to the company’s strategic needs. Shelf registration will offer MPU the convenience of issuing funds by means of Class A shares, preferred shares, debt securities, warrants, or units. The company will be free to choose the terms and prices of each issue on the issue date.

These terms will be set out in a prospectus supplement that will be submitted to regulators. This step has not become effective yet. Securities will not be sold before the SEC declares the registration effective. But once it has been approved, the company can sell the securities up to the $2 billion ceiling over time.

Strategy Centered on Stablecoin Governance Tokens

The filing directly relates to Mega Matrix’s DAT stablecoin plan. Mega Matrix seeks to hold a treasury reserve of governance tokens that have vote and decision rights within stablecoin protocols. With that, MPU will seek to tap into the economic incentives and voice that the digital asset economy has to offer.

The plan highlights the $ENA, the governance token of Ethena, as one of the central emphases. MPU publicized last week that it is intending to accumulate $ENA as it develops a larger treasury plan. These tokens make up the equity of decentralized financial protocols.Owning them places MPU in a good position to participate in the making of the policies and the rule-making of the stablecoin networks.

This plan reflects a growing recognition of the governance tokens as the intermediary between blockchain governance and finance. With the gradual accumulation of holdings in the assets, Mega Matrix pays attention to aligning itself with the long-term evolution of the stablecoins.

Mega Matrix Expands Beyond Blockchain With FlexTV

Mega Matrix is not merely focused on blockchain ventures. It also operates FlexTV, a short video streaming service, through subsidiary Yuder Pte Ltd. Having main offices located in Singapore, it has been diversifying into the digital area.

But the new shelf registration of $2 billion validates where its priority is. Its future growth strategy has come to rely significantly on the governance of stablecoin. This move provides Mega Matrix with resources as well as flexibility.

It allows the company to penetrate the market strategically, respond to opportunities, and place the company at the forefront of digital currency governance. Having the DAT strategy clearly defined, MPU is looking to be one of the major names in the evolving stablecoin ecosystem.