Mega Matrix Board of Directors Decides to Include Bitcoin and Ethereum as Treasury Reserve Assets
Minseung Kang
Summary
- Mega Matrix announced through its board of directors that it has decided to include Bitcoin and Ethereum as treasury reserve assets.
- CEO Yucheng Hu explained that Bitcoin and Ethereum are next-generation financial assets and a strategic means to strengthen the company's long-term financial position.
- It was reported that this decision will contribute to Mega Matrix's future financial structure.
Mega Matrix, which operates the video streaming platform FLEX TV, has decided to adopt Bitcoin and Ethereum as treasury reserve assets.
On the 31st, PR Newswire announced, "Mega Matrix (MPU) has decided, following approval from the board of directors, to purchase and hold Bitcoin or Ethereum as treasury reserve assets."
Yucheng Hu, CEO of Mega Matrix, explained, "Bitcoin and Ethereum are next-generation financial assets and serve as a strategic means to strengthen our company's long-term financial position. While continuing to focus on our core business of short drama streaming, we believe this decision will support our future financial structure."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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