Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Will June 6 US Jobs Data Launch Bitcoin to $115K or Slam the Brakes
    NewsBitcoinBlockchainCryptoMarket

    Will June 6 US Jobs Data Launch Bitcoin to $115K or Slam the Brakes

    Bitcoin’s all-time highs could be derailed or accelerated, depending on the US…

    By
    Jane Omada Apeh
    June 5, 2025
    Circle’s NYSE Debut Raises $1B Plus Amid Investor Frenzy
    NewsCrypto
    Circle’s NYSE Debut Raises $1B Plus Amid Investor Frenzy
    June 5, 2025
    Trump Bitcoin strategy
    BitcoinCryptoMarketNews
    How Bitcoin Becomes Diplomatic Currency in Trump-Bukele Strategic Meeting
    June 5, 2025
    Massive Shift: JPMorgan Now Accepts Bitcoin ETFs as Wealth Collateral
    NewsBitcoinCryptoMoney
    Massive Shift: JPMorgan Now Accepts Bitcoin ETFs as Wealth Collateral
    June 5, 2025
    Who Really Owns the Trump Wallet? Magic Eden Silent as Family Threatens Action
    NewsCrypto
    Who Really Owns the Trump Wallet? Magic Eden Silent as Family Threatens Action
    June 4, 2025
  • Cryptocurrency
    Will June 6 US Jobs Data Launch Bitcoin to $115K or Slam the Brakes
    Will June 6 US Jobs Data Launch Bitcoin to $115K or Slam the Brakes
    7 Min Read
    Circle’s NYSE Debut Raises $1B Plus Amid Investor Frenzy
    Circle’s NYSE Debut Raises $1B Plus Amid Investor Frenzy
    5 Min Read
    Trump Bitcoin strategy
    How Bitcoin Becomes Diplomatic Currency in Trump-Bukele Strategic Meeting
    6 Min Read
    Massive Shift: JPMorgan Now Accepts Bitcoin ETFs as Wealth Collateral
    Massive Shift: JPMorgan Now Accepts Bitcoin ETFs as Wealth Collateral
    7 Min Read
    Who Really Owns the Trump Wallet? Magic Eden Silent as Family Threatens Action
    Who Really Owns the Trump Wallet? Magic Eden Silent as Family Threatens Action
    8 Min Read
    Trump-Linked Truth Social Files to Launch Bitcoin ETF as Crypto Politics Heat Up
    Trump-Linked Truth Social Files to Launch Bitcoin ETF as Crypto Politics Heat Up
    6 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Why Has Matador Technologies Chosen Bitcoin as Its Treasury Reserve?
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Why Has Matador Technologies Chosen Bitcoin as Its Treasury Reserve?
CryptoNews

Why Has Matador Technologies Chosen Bitcoin as Its Treasury Reserve?

Matador Technologies Makes Bitcoin a Treasury Reserve Asset
Matador Technologies Makes Bitcoin a Treasury Reserve Asset
Jane Omada Apeh
Last updated: December 24, 2024 7:47 am
By
Jane Omada Apeh
Published December 24, 2024
7 Min Read
Share

Matador Technologies, a Canadian crypto company, just made a big decision to make Bitcoin a treasury reserve asset. The latest to join the club of companies like MicroStrategy, Matador, will reportedly be investing $4.5 million in Bitcoin later this month. This in itself is a big moment for Matador to get on the Bitcoin bandwagon and diversify and protect reserves.

Contents
Matador Technologies: From Capital 1 to BitcoinBitcoin as a Treasury Reserve: Big and SymbolicConnection to Metaplanet and Industry leaders Why Bitcoin and not Ethereum or Solana?The Bigger Picture: Following MicroStrategy’s LeadMatador Technologies Vision: Beyond Bitcoin and GoldConclusionFAQ1. What is Matador Technologies’ Bitcoin strategy?

Matador Technologies: From Capital 1 to Bitcoin

Matador Technologies, formerly known as Scaling Capital 1, started trading last week on the TSX Venture Exchange. They had a rough first week, losing 35% in stock from $0.90 to $0.58. Despite this, the company is still set to position itself for the future in the wild digital market.

The company plans to build a platform on the Bitcoin network for users to trade and store digital gold. This is expected to go live in early 2025, with Matador highlighting its focus on big projects related to the secure and stable Bitcoin network.

Bitcoin as a Treasury Reserve: Big and Symbolic

The board of directors approved unanimously to make Bitcoin a treasury reserve asset at Matador. And they will be converting most of their Canadian dollars into US dollars. This two-pronged approach shows that they believe in Bitcoin in the long term and want to get closer to global financial benchmarks.

According to Matador President Sunny Ray:

“Matador’s board and management believe in using Bitcoin to prove our treasury in the future. This also supports our mission to use Bitcoin as a platform for our gold products.”

Meanwhile, beyond Bitcoin volatility, Matador’s move into Bitcoin sits in the middle of corporate adoption for diversified reserves and inflation hedging.

Matador Technologies Makes Bitcoin a Treasury Reserve Asset
Matador Technologies Makes Bitcoin a Treasury Reserve Asset

Connection to Metaplanet and Industry leaders 

Matador is connected to Metaplanet, a Japanese investment firm that holds 164 million dollars worth of Bitcoin. Both companies are tied through Tyler Evans, a well-known Bitcoiner and common director on the boards of both companies.

Evans’ dual role could also be a bonus in bringing Matador and Metaplanet together to collaborate on new Bitcoin use cases. Matador’s tie to BTC Inc., the parent company of Bitcoin Magazine, cements its position in the crypto space.

Why Bitcoin and not Ethereum or Solana?

By building on Bitcoin and not Ethereum or Solana, Matador is prioritizing network stability and security. Bitcoin is the perfect fit for this project given its proven resistance and decentralized nature.

The firm has also made sure that the physical gold reserves backing these digital assets will be stored in the Royal Canadian Mint, a government corporation. Another layer of trust and credibility for their gold mirrored products.

The Bigger Picture: Following MicroStrategy’s Lead

Matador is following the trend set by MicroStrategy, a US-based software company that has bought over $41 billion worth of Bitcoin since 2020. While industry giants like Tesla have jumped into Bitcoin, most companies doing so today – including Matador – are much smaller players. With a market cap of $49.5 million, Matador Technologies is an example of the growing trend of adding BTC to their finances among mid-sized companies.

Big companies like Microsoft have been hesitant to add BTC to their reserves due to regulations and volatility. This creates opportunities where smaller, more agile companies like Matador can make smart bets with big rewards.

Matador Technologies Makes Bitcoin a Treasury Reserve Asset
Matador Technologies Makes Bitcoin a Treasury Reserve Asset

Matador Technologies Vision: Beyond Bitcoin and Gold

Matador’s ambitions go beyond Bitcoin and gold. They have plans for a full portfolio development based on blockchain technology to offer new solutions to their users.

Besides the Bitcoin powered gold trading platform, Matador will also be launching a mobile app where users can buy, sell and store gold 24/7. This move by the company shows their commitment to marrying traditional assets with modern technology for accessible and secure financial products.

Conclusion

Matador Technologies’ move to add Bitcoin to their treasury is a big deal for the company. Being in the middle of Bitcoin’s stability and using the network for new projects puts Matador in the future of the crypto space.

While there are still challenges like volatility and regulatory scrutiny, Matador’s proactive approach and commitment to innovation put it in a better position to benefit from the growing adoption of Bitcoin. Their ties with industry leaders and vision for the future make them a company to watch in the crypto space.

Stay updated with Deythere as we’re available around the clock, providing you with updated information about the state of the crypto world.

FAQ

1. What is Matador Technologies’ Bitcoin strategy?

Matador Technologies plans on making a treasury reserve asset investment of $4.5 million in Bitcoin to diversify its financial reserves and future-proof the company.

2. Why not Ethereum or Solana?

Bitcoin was chosen because of its network stability and long-term view. Sources say Ethereum and Solana were considered but didn’t fit this project.

3. How does Matador plan to merge gold and Bitcoin?

Matador is building on the Bitcoin network where users can buy and store digital gold. The physical storage for actual gold will be through the Royal Canadian Mint.

4. What’s the connection between Matador and Metaplanet?

They have one common board member named Tyler Evans, who ties their strategies together and potentially drives their collaboration in the crypto space.

 

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Can Bitcoin Hit $200K This Year: Bitwise Thinks the Signs Are Clear

Bitcoin ETF Options on the Horizon: Potential Threat to Bitcoin Price

High-Yield Restaking Opportunity for BTC and ETH Holders!

Best Cryptos to Join This Month: Qubetics $12.6M Presale, Binance’s Dominance, and Polygon’s Explosive Growth – Don’t Miss Out!

NFTs and Digital Identity: New Use Cases for Blockchain Technology

TAGGED:BitcoinBitcoin reserveMatador

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByJane Omada Apeh
Follow:
Omada is an experienced crypto journalist delivering in-depth analysis and insights on the ever-evolving world of cryptocurrency and blockchain. Her expertise spans market trends, regulatory developments, and innovative use cases. She is dedicated to providing accurate and engaging content for crypto enthusiasts and newcomers alike.
Previous Article image 234 Best New Meme Coins to Join Today: Get 50% Off with BTFD Coin’s BIG50 Code, Keeping Your Eyes on Bonk and Floki’s Dips
Next Article First Crypto Exchange to Launch Ripple's RLUSD in Singapore First Crypto Exchange to Launch Ripple’s RLUSD in Singapore
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English