Bit Digital, Inc. (BTBT)

MEGA MATRIX CORP. Reports First Quarter 2023 Financial Results

PALO ALTO, Calif., May 12, 2023 (GLOBE NEWSWIRE) -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU), today announced financial results for its fiscal first quarter ended March 31, 2023. Financial Highlights The Company had cash and cash equivalents of $8.6 million, and total liquidity (defined as cash equivalents and restricted cash, stable coins and digital assets) of approximately $11.6 million, as of March 31, 2023. Total assets were $12.1 million as of March 31, 2023. Equity