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Matador Technologies, a Canadian firm focused on real-world asset tokenization, has added Bitcoin to its treasury as part of a long-term capital preservation strategy. The company plans to invest $4.5 million in Bitcoin and convert most of its cash from Canadian to US dollars, citing concerns over the devaluation of Canadian assets. This move supports the development of a digital gold platform that will allow users to buy, trade, and store tokenized gold backed by physical reserves.
Quantum BioPharma has invested $1 million in Bitcoin and other cryptocurrencies to diversify its treasury, joining a trend among companies seeking inflation hedges. Following the announcement, its Nasdaq shares fell nearly 10%. The firm is now positioned to conduct transactions in cryptocurrencies, reflecting a broader corporate shift towards digital assets.
Pantera Capital's Bitcoin Fund has achieved a staggering 1,000x return since its 2013 launch, while Bitcoin recently faced a correction after nearing $100,000. Major acquisitions by firms like MicroStrategy and Jiva Technologies highlight ongoing institutional interest, despite bearish on-chain metrics suggesting potential consolidation ahead.
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Canadian firm matador adds bitcoin to treasury for capital preservation strategy
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04:05 25.12.2024
quantum biopharma invests one million in bitcoin for treasury diversification
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18:36 20.12.2024
bitcoin surges towards 100k as market dynamics shift and firms invest
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