Mega Matrix Corp. Had Cash And Cash Equivalents Of $2M, And Total Liquidity Of ~$7M, As Of September 30, 2023. Total Assets Were $9M As Of September 30, 2023
Portfolio Pulse from Benzinga Newsdesk
Mega Matrix Corp. reported financial and operational highlights as of September 30, 2023. The company had cash and cash equivalents of $2M, total liquidity of approximately $7M, and total assets of $9M. Equity attributable to shareholders was $10.3M. The company's treasury holdings of Ethereum increased to 3,113.5 ETH with a market value of about $6.3M. Mega Matrix is actively exploring Ethereum-related business, including solo-staking 1,600 ETH to become 50 validators.
November 13, 2023 | 2:18 pm
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POSITIVE IMPACT
Mega Matrix Corp. (MPU) reported strong liquidity and asset growth, with significant investment in Ethereum, including an increase in ETH holdings and solo-staking activities.
The positive financial report indicating strong liquidity and asset growth, coupled with strategic investments in Ethereum, suggests a positive outlook for MPU. The company's active engagement in the Ethereum ecosystem through solo-staking could be seen as a forward-thinking move, potentially leading to increased investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100