Canadian firm Matador Technologies is shaking up its treasury strategy by adding Bitcoin to its balance sheet. Announced on December 23, the board unanimously approved the move, citing concerns over the Canadian dollar's stability due to oil dependency and national debt. Matador plans an initial $4.5 million Bitcoin investment and will shift most of its cash reserves from Canadian to US dollars. This step aligns with their goal to use Bitcoin for future-proofing and supports their upcoming blockchain-based digital gold platform. Matador joins other companies like Quantum BioPharma and Jiva Technologies in embracing Bitcoin as a strategic reserve.
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