Mega Matrix Inc. (NYSE American: MPU) announced that its Board of Directors has approved the purchase of Bitcoin and/or Ethereum to be held as treasury reserve assets. Yucheng Hu, the Chief Executive Officer of MPU, stated that these cryptocurrencies represent next-generation treasury assets that align with the company's financial strategy. While maintaining a focus on their core business of short drama streaming, this decision is seen as a step to strengthen the long-term balance sheet positioning of the company.
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