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Matador Technologies Inc. ( (TSE:MATA) ) has issued an update.
Matador Technologies Inc. has completed the acquisition of 29 bitcoins, investing CAD$4.5 million, as part of a strategy to adopt Bitcoin as a foundational asset for its treasury and to support its digital gold product platform. This move aligns with Matador’s vision of leveraging Bitcoin’s security and liquidity to enhance its capital preservation strategy and ensure stability for its digital gold offerings, marking a significant step in integrating blockchain technology into their operations.
More about Matador Technologies Inc.
Matador Technologies Inc. is a digital gold platform that leverages blockchain technology to digitize real-world assets like gold. The company focuses on innovative financial solutions, aiming to integrate blockchain technology for value preservation and growth. Matador’s platform is designed to democratize the gold buying experience by enabling users to buy, sell, and store gold 24/7 through an engaging app.
YTD Price Performance: -25.44%
Average Trading Volume: 123,098
For a thorough assessment of MATA stock, go to TipRanks’ Stock Analysis page.
