Matador Technologies Inc. has increased its Bitcoin reserves with a recent purchase of 3.46 Bitcoin for CAD$500,000, according to the company.
On Wednesday, the Canadian blockchain entity announced that this acquisition increases its total Bitcoin and Bitcoin-equivalent holdings to 68.14 units, further confirming its commitment to Bitcoin as a key treasury asset.
Strengthening Financial Stability With Bitcoin
The company stated that the new Bitcoin was bought at an average price of USD$99,580 per coin, including fees and expenses.
Notably, Matador remains debt-free, holding all its Bitcoin outright. In addition to Bitcoin, the company holds CAD$1.8 million in cash reserves and 2 kilograms of physical gold, valued at roughly CAD$287,000.
According to Matador, these assets reveal its prudent financial strategy focused on long-term stability and capital preservation. Consequently, the company continues integrating Bitcoin into its treasury operations, further reinforcing its position as a digital asset leader.
Expanding Digital Gold Strategy
It’s worth noting that in January, the company announced the development of a digital gold platform, set to launch in the first quarter of 2025. This platform will leverage blockchain technology to strengthen its investment strategy.
Matador CEO Deven Soni stated that the company has been working on “making gold great again” since 2021 and is excited to bring this concept to market.
This idea fits Matador’s broader goal of merging traditional finance with digital tools, as seen in its recent decision to add Bitcoin as a core asset.
Technology Giants Continue to Bet Big on Bitcoin
Meanwhile, last month, Metaplanet announced its strategic initiative to acquire 10,000 Bitcoin by the end of 2025 and 21,000 Bitcoin by 2026, positioning itself among the most significant corporate holders of the cryptocurrency globally.
Semler Scientific, a healthcare technology company, recently purchased 871 Bitcoin for $88.5 million, seeing impressive returns with a paper gain of over 150%.
Likewise, MicroStrategy, a software firm, is doubling down on its Bitcoin strategy. The company plans to raise $563 million through a Perpetual Strike Preferred Stock (STRK) offering, solidifying its leadership in corporate cryptocurrency investments.
Companies are increasingly trusting Bitcoin as they add it to their portfolios. Their moves show a shift toward digital assets, and time will reveal the impact of these investments on corporate finance.
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