Canadian Firm Trades CAD for Bitcoin: Matador Technologies Embraces Crypto Revolution

Matador Technologies, a TSX-listed crypto venture, is investing $4.5 million in Bitcoin this December as part of its long-term capital preservation strategy.

Citing economic risks tied to Canadian dollars and government policies, the company plans to diversify its reserves by holding BTC and U.S. dollar assets. Matador’s board sees Bitcoin as a tool to “future-proof” its treasury while also exploring its potential for gold-based product platforms.

This move aligns Matador with 72 public companies already holding nearly 600,000 BTC, a trend led by MicroStrategy.

Clever Robot News Desk 25^th December 2024