PALO ALTO, Calif., Nov. 13, 2023 (GLOBE NEWSWIRE) — Mega Matrix Corp. (“MPU” or the “Firm”) (NYSE American: MPU), immediately introduced monetary outcomes for its third quarter ended September 30, 2023.
Financial Highlights
- The Firm had money and money equivalents of $2.0 million, and complete liquidity (outlined as money equivalents and restricted money, steady cash and digital belongings) of roughly $7.0 million, as of September 30, 2023. Complete belongings had been $9.0 million as of September 30, 2023. Fairness attributable to MPU’s shareholders amounted to $10.3 million as of September 30, 2023.
Operational Highlights
- As of September 30, 2023, our treasury holdings of Ethereum (“ETH”) had been 2,978.8.
- As of the date hereof, our treasury holdings of Ethereum (“ETH”) had been 3,113.5, with a good market worth of roughly $6.3 million.
- As of the date hereof, the Firm explored Solo-Staking by staking 1,600 ETH to grow to be fifty (50) validators to earn ETH rewards and yield.
Administration Commentary
Mr. Yucheng Hu, CEO of Mega Matrix Corp. stated, “I’m delighted to announce that, within the third quarter of 2023, our firm has continued to discover Ethereum-related enterprise by way of steady buy and solo-staking of Ethereum, which strengthens our funding and assist for Ethereum ecosystem We stay up for the event of the Ethereum ecosystem and can actively discover the growth and innovation of associated companies.”
About Mega Matrix: Mega Matrix Corp. (the “Firm”) is a holding firm situated in Palo Alto, California with 5 subsidiaries: Saving Digital Pte. Ltd., a Singapore company (“Saving”), MarsProtocol Inc., an exempted firm included below the legal guidelines of the Cayman Islands, Mega Metaverse Corp., a California company (“Mega”), Marsprotocol Applied sciences Pte. Ltd., a Singapore company (“MTP”) and JetFleet Administration Corp. a California company (“JetFleet”). The Firm focuses on crypto-related enterprise. For extra info, please contact information@megamatrix.io or go to: http://www.megamatrix.io.
Ahead-Wanting Statements
This press launch incorporates forward-looking statements inside the which means of the “secure harbor” provisions of the USA Non-public Securities Litigation Reform Act of 1995. All statements on this press launch apart from statements which can be purely historic are ahead wanting statements. When used on this press launch, the phrases “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “could,” “will,” “ought to,” “future,” “suggest,” and variations of those phrases or related expressions (or the detrimental variations of such phrases or expressions) are supposed to determine forward-looking statements. These forward-looking statements aren’t ensures for future efficiency, circumstances or outcomes, and contain plenty of identified and unknown dangers, uncertainties, assumptions and different essential components, lots of that are exterior the Firm’s management, that would trigger precise outcomes or outcomes to vary materially from these mentioned within the forward-looking statements. Vital components, amongst others, are: the flexibility to handle progress; skill to determine and combine different future acquisitions; skill to acquire extra financing sooner or later to fund capital expenditures; fluctuations normally financial and enterprise circumstances; prices or different components adversely affecting the Firm’s profitability; litigation involving patents, mental property, and different issues; potential adjustments within the legislative and regulatory atmosphere; a pandemic or epidemic; the prevalence of any occasion, change or different circumstances that would have an effect on the Firm’s skill to proceed profitable growth of its digital belongings staking enterprise mannequin; the likelihood that the Firm could not achieve growing its new strains of companies because of, amongst different issues, adjustments within the enterprise atmosphere, competitors, adjustments in regulation, or different financial and coverage components; and the likelihood that the Firm’s new strains of enterprise could also be adversely affected by different financial, enterprise, and/or aggressive components. The forward-looking statements on this press launch and the Firm’s future outcomes of operations are topic to extra dangers and uncertainties set forth below the heading “Danger Elements” in paperwork filed by the Firm with the Securities and Change Fee, together with the Firm’s newest annual report on Type 10-Ok, and are based mostly on info accessible to the Firm on the date hereof. As well as, such dangers and uncertainties embody the Firm’s lack of ability to foretell or management chapter proceedings and the uncertainties surrounding the flexibility to generate money proceeds by way of the sale or different monetization of the Firm’s belongings. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by relevant legislation. Readers are cautioned to not place undue reliance on forward-looking statements, which communicate solely as of the date of this press launch.
A video accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/81b9cb22-3baf-4f42-a1d5-38d04161e0e9