Little-known Canadian crypto firm Matador adds Bitcoin to its books
Canadian-based gold tokenization firm Matador Technologies wants to diversify away from Canadian dollars and is adding Bitcoin to its balance sheet.
Canadian real-world asset tokenization firm Matador Technologies has become the latest company to incorporate Bitcoin into its treasury.
The firm said on Dec. 23 that its board of directors unanimously approved adding Bitcoin (BTC) and “USD-denominated assets” to its balance sheet as part of what it called a “long-term capital preservation strategy.”
Matador said it had identified risks associated with its current treasury primarily denominated in Canadian dollars.
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Author: Martin Young
