Matador Joins MicroStrategy’s Bitcoin for Corporations Initiative
11 January 2025 - 12:50AM
Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA)
is pleased to announce as of January 1, 2025, it has become a
member of "Bitcoin for Corporations" which is an initiative
established by MicroStrategy Inc. (“MicroStrategy”) (NASDAQ: MSTR)
and Bitcoin Magazine focused on educating and supporting
corporations in implementing Bitcoin strategies. "Bitcoin for
Corporations" aims to help companies accelerate corporate Bitcoin
adoption by empowering businesses with the tools, education, and
partnerships they need for successful Bitcoin integration. This
shift emphasizes the Company’s efforts to develop products on the
Bitcoin ecosystem and build a premier Bitcoin ecosystem vehicle for
the public markets. The decision to join "Bitcoin for Corporations"
aligns with Matador’s press release dated December 23, 2024, to add
Bitcoin to its balance sheet as a treasury asset. By diversifying
its treasury to hold Bitcoin, Matador aims to strengthen its
position in the global digital asset landscape.
“In today’s world, we see Bitcoin as a safe
harbor,” said Deven Soni, CEO and Chairman of
Matador. “By adding Bitcoin to our treasury, we’re not
just storing value – we’re also preparing to launch new
applications built on the Bitcoin ecosystem and investments that
can thrive in the years ahead.”
Matador plans to leverage "Bitcoin for
Corporations" expertise to align internal policies, ensure
regulatory compliance, and enhance the security of its Bitcoin
holdings. This membership further supports the Company’s vision of
exploring the use of Bitcoin to build its gold-based products.
“Joining MicroStrategy’s program supports our
larger goal: to optimize the future of finance with technological
advancements and position it to the public markets,” said
Sunny Ray, President of Matador. “We’re excited to
help shape a world where Bitcoin isn’t just a store of value, but a
growing, real-world tool for people and businesses.”
Matador remains committed to clear communication
about its Bitcoin initiatives and to working with trusted partners
like MicroStrategy and Bitcoin Magazine. By integrating established
frameworks for corporate Bitcoin adoption, the Company seeks to
build confidence among investors, regulators, and the broader
community. Matador will continue to explore additional purchases of
Bitcoin at the board level via measured buying programs however
this will not impact Matador’s current business strategy of
launching its digital gold platform in Q1 2025.
For additional information, please contact:
Media Contact:Sunny RayPresidentEmail:
sunny@matador.networkPhone: 647-932-2668
About Matador
Matador Technologies Inc. is a digital gold platform leveraging
blockchain technology to digitize real-world assets like gold.
Focused on building innovative financial solutions, Matador is at
the forefront of integrating blockchain technology to preserve and
grow value. Matador’s digital gold platform aims to democratize the
gold buying experience, combining the best of modern technology and
time-proven assets, to create an app that will allow users to buy,
sell, and store gold 24/7 in a fun and engaging way.
Cautionary Statement Regarding Forward-Looking
Information
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy any securities in any
jurisdiction.
Forward Looking Statements – Certain information
set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and
uncertainties, including risks associated with the implementation
of the Company's treasury management strategy and the launch of its
mobile application as currently proposed or at all. These
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of the
Company, including with respect to the potential acquisition of
Bitcoin and/or US dollars, the pricing of such acquisitions and the
timing of future operations. Readers are cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements.
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