Mega Matrix
Mega Matrix Inc. (NYSE American: MPU) is a dual-engine holding company operating FlexTV, a global short-drama streaming platform, and a digital asset treasury strategy holding stablecoin governance tokens for public market investors.
- Company typePublic
- Founded1989
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B and B2C
- OfferingDigital Commerce or Content
What Mega Matrix does
Mega Matrix Inc. (NYSE American: MPU) is a Cayman Islands-incorporated holding company headquartered in Singapore that operates a dual-engine business model spanning consumer streaming and digital asset treasury management. Its primary consumer-facing asset is FlexTV, a short-drama streaming platform operated through the wholly-owned Singapore subsidiary Yuder Pte, Ltd., which distributes vertically-formatted micro-dramas (30–120 second episodes) globally with flexible content monetization tiers ranging from $20–$40 per season to $200 annually, generating an ARPU of $3.42 in fiscal 2025. The company's secondary engine is a digital asset treasury strategy launched in 2025, holding approximately $5.8 million in Bitcoin, Ethena (ENA), and USDT under institutional custody with Matrixport Cactus Custody and Anchorage Digital Bank, with the stated goal of positioning Mega Matrix as the first publicly traded company offering direct equity exposure to stablecoin governance tokens.
The company's underlying technology combines a content distribution platform for short-form video with blockchain and digital asset infrastructure for treasury management and on-chain yield generation (validator rewards, stablecoin staking). FlexTV's content production relies on long-term partnerships with international filming teams, and the company has announced plans to integrate generative AI into both content production and internal enterprise operations beginning with testing in Q2 2026, targeting reduced production costs and shorter production cycles. The digital asset strategy is being extended through a Shariah-compliant precious metals real-world asset (RWA) ecosystem in partnership with Ihsan Dhahab Sdn Bhd, covering Saudi Arabia and Qatar, which is intended to include a gold-backed token, stablecoin, digital bullion exchange, and Islamic digital gold bank.
Mega Matrix monetizes through subscription and transactional revenue from FlexTV (fiscal 2025 revenue of $26.1 million, down year-over-year), treasury yield from on-chain digital asset holdings, and planned fee revenue from stablecoin infrastructure services. Its go-to-market mixes product-led consumer distribution (FlexTV direct-to-consumer) with public-equity investor distribution (NYSE American listing) and event-driven institutional outreach (TOKEN2049 Singapore). The customer base splits between global short-drama viewers on the streaming side and institutional and retail investors seeking liquid, compliant exposure to stablecoin governance on the treasury side. The company has raised $21.2 million across three private placements in 2024–2025 and filed a $2 billion SEC shelf registration to fund further stablecoin infrastructure expansion.
Mega Matrix firmographics
Firmographics- Name
- Mega Matrix
- Legal name
- Mega Matrix Inc.
- Website
- https://megamatrix.io
- Company type
- Public
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mega Matrix Inc. (NYSE American: MPU) is a dual-engine holding company operating FlexTV, a global short-drama streaming platform, and a digital asset treasury strategy holding stablecoin governance tokens for public market investors.
- Ownership category
- akta.pro rank
Mega Matrix industry classification
Industry- Product category
- Short Drama Streaming
- NAICS
- Other Investment Pools and Funds (5259), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (51621)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Index-Tracking Funds, ETPs & Structured Index Products (Crypto) (FSADAHAC)
- akta.pro secondary industry
- Tokenized Real-World Assets & On-Chain Treasuries (tokenized T-bills, money markets, cash management) (FSAPAEAJ)
Keywords
Where Mega Matrix is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
Mega Matrix business model
Business model- GTM type
- B2B and B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Marketing or Sales, Operations, Personnel, Technology or R&D
Revenue model
- Short Drama Streaming (FlexTV): Revenue from short-video streaming platform FlexTV, operating under an asset-light model. The platform generates revenue through flexible monetization models ranging from $20-40 per season to $200 annually for content access.
- Digital Asset Treasury: Holdings in Bitcoin, Ethena (ENA), and USDT under institutional custody, generating yield through on-chain mechanisms and protocol cash flows including validator rewards and staking stablecoin yield.
- Stablecoin Infrastructure Services: Strategic expansion into developing stablecoin asset allocation systems and on-chain yield mechanisms as part of digital financial infrastructure transformation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Flexible content monetization |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels3 records
Mega Matrix product offering
Product offeringCore offering
Mega Matrix operates a dual-engine business: (1) FlexTV, a short-drama streaming platform featuring ultra-short vertical video content (30-120 second episodes) operated through subsidiary Yuder Pte, Ltd., and (2) a digital asset treasury strategy providing public equity exposure to stablecoin governance tokens including Bitcoin, Ethena (ENA), and USDT under institutional custody. The company is the first publicly listed firm dedicated to short drama and positions itself as a public market gateway to the stablecoin ecosystem.
Product overview
Mega Matrix Inc. is a dual-engine platform company operating two distinct business lines. The primary offering is FlexTV, a short-drama streaming platform featuring ultra-short vertical video content (30-120 second episodes), operated through its Singapore subsidiary Yuder Pte, Ltd. The second engine is the company's strategic pivot toward stablecoin and digital asset infrastructure, encompassing a digital asset treasury holding Bitcoin, Ethena, and USDT; planned stablecoin asset allocation systems with on-chain yield mechanisms; and a partnership for Shariah-compliant precious metals RWAs. The company positions itself as a public market gateway to the stablecoin ecosystem, which projects to reach $2.0 trillion by 2030.
Differentiator
Problem solved
Functional benefit
Brands
- FlexTV: Short-drama streaming platform operated by Mega Matrix through its subsidiary Yuder Pte, Ltd.
Products and services
- FlexTV Short-video streaming platform for vertical screen entertainment featuring micro-dramas with 30-120 second episodes. Operated through subsidiary Yuder Pte, Ltd. in Singapore, serving global consumers seeking ultra-short fiction content.
- Digital Asset Treasury Strategy Diversified digital asset treasury strategy holding Bitcoin, Ethena (ENA), and USDT under institutional custody, providing exposure to the stablecoin ecosystem and on-chain yield mechanisms for shareholders.
- Stablecoin Asset Allocation System Planned stablecoin asset allocation system and on-chain yield mechanisms as part of strategic expansion into digital financial infrastructure, funded by $16 million private placement.
Quantifiable outcome
- Revenue of $26.1 million in fiscal 2025 with improved operational efficiency
- +3 more outcomes
Companies that use Mega Matrix
Customer profileSegments3 records
Ideal customer profiles3 records
Mega Matrix technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature3 records
Mega Matrix partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Matrixport Cactus CustodycoreInstitutional custody provider for Mega Matrix's digital asset treasury holding approximately $5.8 million in Bitcoin, Ethena, and USDT as part of the company's dual-engine treasury strategy.
- Anchorage Digital BankcoreInstitutional custody partner for the company's digital asset holdings including Bitcoin, Ethena (ENA), and USDT under the digital asset treasury strategy.
- Ihsan Dhahab Sdn BhdcoreMega Matrix entered into a memorandum of understanding with Ihsan Dhahab Sdn Bhd on January 7, 2026 to jointly develop a Shariah-compliant precious metals ecosystem in the Middle East, including a special economic zone, RWA gold-backed token and stablecoin, digital bullion exchange, and Islamic digital gold bank. MPU contributes technical expertise in stablecoins, Web3, blockchain infrastructure, and capital markets strategy, while Ihsan Dhahab leads regulatory approvals, licensing, and day-to-day operations in Saudi Arabia, Qatar, and the wider region.
Scale indicators10 records
Recent moves1 record
Expansion highlights6 records
Mega Matrix competitors and assessment
Company assessmentDirect peers
- MicroStrategy: Public company that pioneered the corporate crypto-asset treasury strategy by holding Bitcoin on its balance sheet. Most directly comparable to Mega Matrix's stablecoin treasury model — both are publicly listed vehicles offering equity investors liquid exposure to digital asset accumulation that would otherwise require direct crypto ownership.
- DramaBox (by Storymatrix): One of the leading global short-drama apps offering vertical, episodic fiction content with similar unlock/coin monetization. Operates in the same micro-drama streaming niche as FlexTV with comparable target audience and content format.
- ReelShort (by Crazy Maple Studio): Short-drama streaming app operated by Crazy Maple Studio, a subsidiary of COL Group. Directly competes with FlexTV in the vertical-screen micro-drama category, targeting the same mobile-first consumer segment with episode-based fiction content under similar monetization models.
- GoodShort: Short-drama streaming platform competing head-to-head with FlexTV in the vertical-screen micro-drama market, particularly in Southeast Asia and English-speaking markets. Comparable content library, episode length, and subscription/coin hybrid monetization.
Broad incumbents
- Coinbase Global: Public US-listed crypto exchange and custodian holding digital assets on its own balance sheet. While not a pure treasury vehicle, Coinbase offers institutional and retail investors regulated exposure to crypto assets including stablecoins, overlapping with Mega Matrix's public-market gateway positioning.
- Marathon Digital Holdings: Public company holding a significant Bitcoin treasury as part of its mining and digital asset strategy. A broader crypto-treasury incumbent that demonstrates the public-market template Mega Matrix is trying to replicate with stablecoins rather than BTC.
- Kuaishou Technology: Major Chinese short-video and short-drama platform with global ambitions. While primarily a broader short-video player, it represents the scaled incumbent that FlexTV would have to differentiate against if its streaming engine re-accelerates.
- Block Inc. (Square + Cash App): Public fintech holding Bitcoin and offering stablecoin functionality through Cash App. Provides retail investors with mainstream crypto/stablecoin exposure via a much larger and more diversified business, relevant as a comparison for Mega Matrix's investor-access thesis.
Emerging players
- Galaxy Digital: Public digital asset financial services firm offering asset management, trading, and treasury services across crypto assets including stablecoins. Comparable in providing institutional-grade exposure to digital assets, though with a broader services portfolio.
Others
- Circle Internet Group: Issuer of USDC, one of the largest regulated stablecoins, and operates infrastructure for stablecoin issuance and reserves. Adjacent ecosystem participant whose governance and yield mechanisms underpin the on-chain cash flows Mega Matrix's treasury strategy seeks to capture.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Mega Matrix social profiles
Digital presenceMega Matrix financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mega Matrix leadership team
Management profileNumber of profiles
Profiles2 records
Mega Matrix subsidiaries and ownership
Company hierarchySubsidiaries1 record
Mega Matrix funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mega Matrix M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mega Matrix
What does Mega Matrix do?
Mega Matrix operates a dual-engine business: (1) FlexTV, a short-drama streaming platform featuring ultra-short vertical video content (30-120 second episodes) operated through subsidiary Yuder Pte, Ltd., and (2) a digital asset treasury strategy providing public equity exposure to stablecoin governance tokens including Bitcoin, Ethena (ENA), and USDT under institutional custody. The company is the first publicly listed firm dedicated to short drama and positions itself as a public market gateway to the stablecoin ecosystem.
Is Mega Matrix a public or private company?
Mega Matrix is a public company. It is currently operating.
When was Mega Matrix founded?
Mega Matrix was founded in 1989. It employs 11 to 50 people.
Where is Mega Matrix based?
Mega Matrix is headquartered in Singapore, Singapore, in the Asia region.
How does Mega Matrix make money?
Three revenue lines are on record. Short Drama Streaming (FlexTV) is the primary driver. The others are digital Asset Treasury and stablecoin Infrastructure Services.
Who are Mega Matrix's main competitors?
Direct peers on record are MicroStrategy, DramaBox (by Storymatrix), ReelShort (by Crazy Maple Studio) and GoodShort. Broad incumbents are Coinbase Global, Marathon Digital Holdings, Kuaishou Technology and Block Inc. (Square + Cash App). Galaxy Digital is listed as an emerging player. Circle Internet Group is listed as an others.
Does Mega Matrix have an API?
No public API is recorded for Mega Matrix.
What industry is Mega Matrix in?
Mega Matrix's product category is Short Drama Streaming. Its primary akta.pro industry code is FSADAHAC, Index-Tracking Funds, ETPs & Structured Index Products (Crypto), with a secondary code of FSAPAEAJ, Tokenized Real-World Assets & On-Chain Treasuries (tokenized T-bills, money markets, cash management). Its NAICS code is 5259 and its SIC code is 6199.