Mega Maga Mega Mega Mega Mega (MPU) He presented a $ 2 billion shelf record on Thursday to establish a Treasury of digital assets centered on the ENA (ENA)The governance sheet of the Stablecoin Ethena protocol.
According to the presentation before the Bag and Securities Commission (SECOND)The firm could sell up to $ 2 billion, with plans to use future offers to accumulate cryptographic assets.
The company’s shares decreased up to 6% before recovering after the news. It has still dropped almost 30% since the company revealed its cryptographic pivot on August 25.
With the movement, Mega Matrix said that his goal is to be the first company that quotes in the stock market to anchor his treasure of digital assets in the Stablingin government when hiding the Ethena token in Ethena.
Ethena is decentralized financing (Defi) Protocol behind the “digital dollar” of $ 12 billion, a token designed to maintain a constant price of $ 1 and generate a yield by maintaining spot cryptocurrencies such as bitcoins ether (Eth) sale (short circuit) Equal amount of derivatives. The governance token of the ENA protocol could benefit from the income of the protocol once the mechanism is activated.
In July, a newly formed company called Stablecoinx announced similar plans to make public a SPAC fusion and establish an ENA treasure, aiming to close the agreement at the end of the year.
Digital Assets Treasury companies, or Dats, took Wall Street by assault, with companies that are poured to accumulate cryptocurrencies when raising funds in traditional capital markets. Strategy (Mstr) Pioneer was a pioneer in this play book to become the largest corporate owner in Bitcoin, while the recent participants focused more and more on smaller files.
However, the trend may have already exploded with several names that submerge 70% -80% in recent months and some already operate below the value of net assets of their holdings.
Read more: Cryptographic Treasury Names hammered even more when Nasdaq, according to reports, increases scrutiny
