Foresight News reports that Matador Technologies has announced plans to invest $4.5 million in Bitcoin in December 2024 to mitigate the risk of Canadian dollar depreciation. At the same time, the company plans to convert most of its cash assets from Canadian dollars to US dollars. Additionally, the company intends to use Bitcoin as the foundational technology for its digital gold platform, combining it with physical gold reserves to create a trustworthy digital gold product. Matador will finalize the platform technology in the first quarter of 2025 and launch the product to a limited user base. Matador Technologies Inc. is a technology company based in Toronto, Canada, focused on modernizing the experience of purchasing, storing, and selling gold through its mobile application.

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