The Canadian technology company Matador has just announced a change in its capital preservation strategy as the Board of Directors unanimously agreed to add Bitcoin and USD-denominated assets to the company's treasury. 📈

- This move aims to mitigate risks from dependence on CAD-denominated assets while diversifying reserves.

- Matador will initially invest $4.5 million in Bitcoin in December 2024 and transfer most of its cash reserves from CAD to USD.

- The company believes that Bitcoin is a long-term store of value, aligning with the trend of companies seeking alternative solutions to traditional financial assets.

This move also supports Matador's digital gold platform, allowing for digital gold transactions backed by reserves at the Royal Canadian Mint. 🏦