Matador Technologies Acquires Bitcoin As Part Of Strategic Initiative

According to Odaily, Toronto-based tech company Matador Technologies has announced the acquisition of approximately 29 bitcoins at a total purchase price of 4.5 million Canadian dollars. The average purchase price, including fees and expenses, was 96,341 USD per bitcoin. This acquisition is part of Matador's long-term strategy to use bitcoin as a foundational asset for its funds and as a platform for its upcoming digital gold product. The company aims to enhance its capital preservation strategy and ensure the digital gold platform operates with secure and stable technology.