ChainCatcher message, the technology company Matador Technologies based in Toronto, Canada, announced on the X platform a partnership with the cryptocurrency exchange BitGo to store its Bitcoin assets.

ChainCatcher news, according to Globenewswire, Canadian tech company Matador announced the acquisition of 3.38 BTC at a price of 500,000 CAD (347,022 USD), with an average price of 102,703 USD. Following this acquisition, Matador currently holds approximately 64.69 bitcoins (and bitcoin equivalents) and plans to acquire an additional 350,000 USD worth of bitcoin in the near future.In addition, Matador announced that it holds approximately 2.3 million CAD in cash reserves and 2 kilograms of physical gold (approximately 264,000 CAD), while also revealing plans to combine the tangible value of physical gold with bitcoin blockchain technology to launch a digital gold product in the first quarter of 2025.

ChainCatcher news, according to Globenewswire, the technology company Matador Technologies, based in Toronto, Canada, announced that it has purchased approximately 29 bitcoins at a total purchase price of 4.5 million Canadian dollars. The average purchase price of these bitcoins was $96,341, including fees and expenses. This purchase is part of Matador's long-term strategy, which aims to use bitcoin as the underlying asset for its capital and as a platform for its upcoming digital gold product, designed to enhance its capital preservation strategy and ensure that its digital gold platform operates on secure and stable technology.

ChainCatcher news, according to GlobeNewswire, Canadian public company Matador Technologies Inc. announced that its board has unanimously approved the addition of Bitcoin and USD-denominated assets to its corporate treasury as part of its long-term capital preservation strategy.It is reported that Matador plans to make an initial allocation of $4.5 million to Bitcoin in December 2024 and will continue to explore additional purchases at the board level through a disciplined buying program.