Mega Matrix Invests $2 Billion in Stablecoin Treasury Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Mega Matrix Inc. Registration: Mega Matrix Inc. has filed a $2 billion universal shelf registration with the SEC to enhance its Digital Asset Treasury strategy, becoming the first U.S.-listed company to anchor reserves in ENA, the governance token of the stablecoin USDe.
USDe's Market Growth: USDe has rapidly become the third-largest stablecoin, with a market cap increase of over 200% since August 2024, and is projected to play a significant role in the future of stablecoins, potentially reaching a market size of $10 trillion.
Analyst Views on BITO
Wall Street analysts forecast BITO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
