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.
Matador Technologies, a Canadian crypto firm, plans to adopt Bitcoin as a treasury reserve asset, starting with a $4.5 million purchase. The company, which aims to launch a platform for trading digital representations of gold by early 2025, has seen its stock price drop 35% since its recent debut on the TSX Venture Exchange. Meanwhile, Bitcoin's price has fallen below $93,000, marking its lowest point in nearly a month, as market conditions shift.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
