Headphones Maker Monster Is Quietly Planning A $300 Million ICO

Monster Products, Inc. said to have been losing cash for years, but a $300 million initial coin offering (ICO) could be what it takes to change the company around.

Established in 1978, Monster, which produces electronic accessories including Bluetooth speakers and headphones, has primarily depended on retailers to distribute its products to date. Business matters aside, although, Monster doesn't seem to be cutting back on its objectives for bringing a change.

As per the filing with the U.S. Securities & Exchange Commission, Monster is strategizing to run one of the largest ICOs of all time by trading "monster money tokens" to create the "Monster Money System," a new e-commerce website for selling its products and possibly those of other companies online.

[Video]