Earnings summaries and quarterly performance for Mega Matrix.
Research analysts covering Mega Matrix.
Recent press releases and 8-K filings for MPU.
Mega Matrix Enters MOU for Islamic Precious Metals RWA Ecosystem Development
MPU
New Projects/Investments
Product Launch
- Mega Matrix Inc. (MPU) announced on January 8, 2026, that it entered into a memorandum of understanding (MOU) with Ihsan Dhahab Sdn Bhd on January 7, 2026, to finance and operate a comprehensive Islamic precious metals Real-World Asset (RWA) ecosystem.
- The collaboration includes developing a precious metals special economic zone in the Middle East (primarily Saudi Arabia), a Shariah-compliant RWA gold-backed token and stablecoin, a digital exchange for precious metals, and an Islamic digital bullion bank.
- MPU will contribute its technical experience in stablecoins and Web3, advisory support for capital raising, corporate structuring, and its technology and global blockchain network.
- Ihsan Dhahab will provide local market knowledge, strategic direction, Islamic finance expertise, and lead regulatory approvals and day-to-day operations.
Jan 9, 2026, 3:00 AM
Mega Matrix Inc. Reports Q3 2025 Results, Strategic Shift to Digital Assets, and Capital Raise
MPU
Earnings
New Projects/Investments
Board Change
- Mega Matrix Inc. reported a net loss of $10.8 million for the three months ended September 30, 2025, compared to a net loss of $2.8 million for the same period in 2024. Total revenues for Q3 2025 were $6.1 million, a decrease from $10.3 million in Q3 2024. The company had an accumulated deficit of $41.1 million as of September 30, 2025.
- The company updated its Digital Asset Treasury (DAT) reserve strategy on September 30, 2025, to a "dual-engine" approach focusing on stablecoins and their governance tokens. As of September 30, 2025, it held $6.85 million in digital assets, including BTC, ENA, and USDe.
- Mega Matrix Inc. successfully closed a private placement on July 24, 2025, raising $16 million through the issuance of 16,000,000 Class A ordinary shares at $1.00 per share, with proceeds intended to fund its expansion into the stablecoin sector.
- Despite the reported losses, management assesses that the company's working capital of approximately $32.7 million and cash of $9.8 million as of September 30, 2025, are sufficient to meet its obligations for the next 12 months.
- Mr. Yaman Demir was appointed Chairman of the Board on October 27, 2025, while Mr. Yucheng Hu stepped down as Chairman but continues to serve as CEO.
Dec 5, 2025, 9:05 PM
Mega Matrix Inc. Updates Digital Asset Treasury Strategy and Holdings
MPU
New Projects/Investments
Accounting Changes
- Mega Matrix Inc. updated its Digital Asset Treasury (DAT) reserve strategy on September 30, 2025, to a "dual-engine" approach focusing on stablecoins for yield and governance tokens for growth potential, while also allowing for holdings in BTC and ETH.
- As of September 30, 2025, the company held $6,852,274 in digital assets on its balance sheet, consisting of 12 BTC, 0 ETH, 8,916,805 ENA, and 500,000 USDe, reflecting $1,274,829 in cumulative impairment losses.
- The company utilized $7.6 million from a July 2025 private placement to purchase ENA and BTC, with a total target of approximately $6.5 million in ENA and $3 million in BTC.
- The adoption of ASU 2023-08 as of September 30, 2025, will lead to increased volatility in financial results due to fair value accounting for digital assets, resulting in a $1,274,829 cumulative-effect net decrease to retained earnings.
Nov 26, 2025, 9:02 PM
Mega Matrix Inc. Diversifies Digital Asset Treasury Strategy
MPU
New Projects/Investments
- Mega Matrix Inc. (MPU) announced a strategic update to its Digital Asset Treasury (DAT) strategy, transitioning from a single-asset approach focused on Ethena’s governance token (ENA) to a diversified basket of leading stablecoins and their governance tokens.
- The enhanced DAT framework is designed around a "dual-engine" model, comprising "Stable Yield" from deploying stablecoins in low-risk decentralized finance (DeFi) strategies to generate recurring income, and "Growth Potential" from allocating to governance tokens of leading stablecoin protocols.
- This strategic evolution aims to position MPU as one of the first U.S.-listed firms to anchor its treasury on a diversified stablecoin ecosystem, combining yield stability with long-term growth participation.
Oct 1, 2025, 12:30 PM
Mega Matrix announces diversification of Digital Asset Treasury strategy
MPU
New Projects/Investments
- Mega Matrix Inc. (MPU) is diversifying its Digital Asset Treasury (DAT) strategy from a single-asset focus on Ethena's governance token (ENA) to a basket of leading stablecoins and their governance tokens.
- The new DAT framework employs a "dual-engine" model for Stable Yield (from low-risk decentralized finance strategies with stablecoins) and Growth Potential (from governance tokens of stablecoin protocols).
- This strategic shift aims to capture both stable yield and governance upside across multiple ecosystems, including USDe/USDtb: ENA, USDS/DAI: SKY, USDH: HYPE, USDF: Aster, and USST: STBL.
Oct 1, 2025, 12:30 PM
Mega Matrix Inc. Reports Q2 2025 Financial Results and Strategic Updates
MPU
Earnings
New Projects/Investments
- Mega Matrix Inc. reported a net loss of $1.5 million for the three months ended June 30, 2025, an improvement from a $3.6 million net loss in the same period of 2024. Revenues for Q2 2025 were $7.1 million, an increase of $0.2 million compared to Q2 2024.
- As of June 30, 2025, the company's total assets decreased to $16.6 million from $19.5 million at December 31, 2024, and cash and cash equivalents were $4.0 million. The company had an accumulated deficit of $30.3 million but management assesses current working capital of $6.4 million is sufficient for the next 12 months.
- On July 24, 2025, the company closed a private placement, selling 16,000,000 Class A ordinary shares for $16,000,000 to fund its strategic expansion into the stablecoin sector.
- The company updated its digital asset treasury strategy in July and August 2025, restarting Ethereum staking and focusing on stablecoin governance tokens as its primary treasury asset. Shareholders also approved an increase in share capital on August 15, 2025, including 900,000,000 additional Class A ordinary shares.
Sep 29, 2025, 8:01 PM
Mega Matrix Inc. Announces $6 Million ENA Token Purchase
MPU
New Projects/Investments
- Mega Matrix Inc. (MPU) announced the accumulated strategic acquisition of approximately $6 million worth of ENA tokens.
- This includes a recent $3 million purchase executed over the past week.
- MPU acquired 8.46 million ENA tokens at an average cost of $0.7165 per token, inclusive of all fees and transaction costs.
- These purchases reinforce MPU's growing position in its stablecoin governance tokens DAT strategy, with plans for continued weekly accumulations.
Sep 19, 2025, 12:20 PM
Mega Matrix Files $2 Billion Shelf Registration for ENA-Anchored Digital Asset Treasury
MPU
New Projects/Investments
- Mega Matrix (NYSE: MPU) has filed a $2 billion universal shelf registration to advance its Digital Asset Treasury (DAT) strategy, becoming the first U.S.-listed company to anchor its corporate treasury on ENA, the governance token of the USDe stablecoin.
- This move marks a strategic pivot for Mega Matrix, previously a diversified holding company, to focus on blockchain innovation, stablecoins, and decentralized finance.
- MPU's strategy aims for "double leverage" from ENA, providing exposure to yield as USDe expands and potential appreciation in ENA's token price. As of September 2025, USDe is the world's third-largest stablecoin and the largest fully on-chain stablecoin.
- USDe has demonstrated rapid growth, with its market cap climbing over 200% since August 2024, and achieving $100 million in revenue within 250 days and $10 billion in circulation in 500 days. MPU's internal analysis suggests the stablecoin market could ultimately approach $10 trillion.
Sep 12, 2025, 1:03 PM
Mega Matrix Inc. Announces First ENA Token Purchase
MPU
New Projects/Investments
- Mega Matrix Inc. (MPU) announced its first strategic acquisition of approximately $3 million worth of ENA tokens.
- The company purchased 3.86 million ENA tokens at an average cost of $0.7117 per token (inclusive of fees and transaction costs) over the past two weeks.
- This transaction represents the initial implementation of MPU's stablecoin governance token DAT strategy.
- MPU plans to systematically accumulate $ENA on a weekly basis going forward, based on market conditions.
Sep 12, 2025, 12:25 PM
Mega Matrix Inc. Updates Digital Asset Treasury Strategy
MPU
New Projects/Investments
Accounting Changes
Legal Proceedings
- Mega Matrix Inc. updated its digital asset treasury strategy on August 21, 2025, to focus on stablecoin governance token as its primary treasury asset, building on earlier plans to hold Bitcoin and Ethereum and restart Ethereum staking.
- The company's operating results will be significantly impacted by the volatile prices of Digital Assets, including ENA, BTC, and ETH, which are subject to substantial uncertainty and can lead to significant volatility in reported earnings due to fair value measurement under ASU 2023-08.
- Implementing this new digital asset treasury strategy presents organizational and infrastructure challenges and exposes the company to various risks, including regulatory uncertainty (e.g., digital assets being classified as securities), high price volatility, and counterparty non-performance, particularly with custodians.
- The concentration of planned ENA holdings further enhances the inherent risks due to a lack of diversification.
Aug 27, 2025, 12:00 AM
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