Mega Matrix reveals purchase of around $6 million in ENA tokens
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 19 2025
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Strategic Acquisition: Mega Matrix has acquired approximately $6M worth of ENA tokens, including a recent $3M purchase, based on the past 1D VWAP.
Token Details: The company purchased 8.46M ENA tokens at an average cost of $0.7165 per token, enhancing its position in stablecoin governance tokens through its DAT strategy.
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About MPU
Mega Matrix Inc. is a holding company. The Company operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd. (Yuder), an indirect subsidiary of the Company. FlexTV produces English and Thai dramas that are also translated into different languages for its users, who are spread across various parts of the world, such as Europe, America, and Southeast Asia. In addition to creating original dramas, Yuder also acquires third party content copyrights which it then translates and distributes on its FlexTV platform. To deliver diverse and international content to its users, Yuder’s produces films in various parts of the world, including, but not limited to, the United States, Mexico, Australia, Thailand, and the Philippines.
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.
Mega Matrix Inc. Signs MOU with Ihsan Dhahab to Develop Precious Metals Economic Zone in Saudi Arabia
- Strategic Partnership: Mega Matrix Inc. has signed a memorandum of understanding with Ihsan Dhahab to establish a comprehensive precious metals economic zone in Saudi Arabia, which includes Shariah-compliant gold-backed tokens and stablecoins, potentially driving financial innovation in the Middle East.
- Technical Support and Financing: Under the MOU, Mega Matrix will leverage its expertise in stablecoins and Web3 to provide advisory support for capital raising and financing, which is expected to enhance the company's influence in building digital financial infrastructure.
- Market Expansion: Ihsan Dhahab will utilize its market knowledge in Saudi Arabia and Qatar to oversee regulatory approvals and daily operations, which is anticipated to accelerate project implementation and strengthen the company's competitive position in the Middle Eastern market.
- Digital Asset Strategy: This collaboration aligns with Mega Matrix's digital asset treasury strategy, aiming to diversify its basket of stablecoins and governance tokens, thereby further expanding the company's business scope and market share.
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Mega Matrix Inc. Partners with Ihsan Dhahab to Develop Precious Metals Economic Zone in Saudi Arabia
- Strategic Partnership: Mega Matrix Inc. has signed an MOU with Ihsan Dhahab to collaboratively develop a precious metals economic zone in Saudi Arabia, encompassing the entire value chain from refining to trading, which is expected to drive growth in the Middle Eastern precious metals market.
- Financial Innovation: The parties will design and launch a Shariah-compliant gold-backed token and stablecoin, aimed at providing compliant financial instruments to investors, enhancing market appeal and promoting the adoption of digital assets.
- Digital Bank Establishment: Plans are underway to create an Islamic digital bullion bank that will offer Shariah-compliant financing, vaulting, and logistics services, which is anticipated to elevate the overall service capabilities of the precious metals ecosystem to meet rising market demand.
- Technical Support: Mega Matrix will leverage its expertise in stablecoins and Web3 to provide advisory support for capital raising and financing, facilitating sustainable development and scalability of the projects.
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