Matador Technologies is the latest company to add Bitcoin ($BTC ) to its corporate treasury, following in the footsteps of industry giants like MicroStrategy and Metaplanet.💰
Top Reasons Behind This Move
-🔑 Matador's board cites concerns about the Canadian dollar and the country's economic outlook, with oil reliance and rising national debt causing uncertainty.
-📉 By allocating $4.5 million to Bitcoin and USD-denominated assets, Matador aims to preserve capital and protect against currency devaluation.
-“We believe in using Bitcoin to future-proof our treasury,” said Sunny Ray, President of Matador. 💡
-This move reflects a growing trend among businesses to add Bitcoin as a hedge against economic instability, following similar actions from leaders like President Bukele of El Salvador. 🌍
-It's evident that corporate adoption of $BTC is continuing to rise despite market volatility. 📊
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