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Canadian Firm Matador Technologies Invests $4.5M in Bitcoin

  • Canadian firm Matador Technologies plans to invest $4.5 million in Bitcoin by the end of 2024.
  • The move is part of Matador's treasury strategy to protect cash reserves amidst risks in the Canadian economy.
  • Matador sees Bitcoin as a way to stay ahead in a shaky global economy due to its limited supply and resistance to inflation.
  • Matador plans to use Bitcoin as the foundation for their upcoming digital gold platform, set to launch in 2025.

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