BlockBeats News, June 25th, Matador Technologies (TSXV: MATA | OTCQB: MATAF | FSE: IU3) announced that it has purchased 8.4 bitcoins at an average price of $104,914, bringing its total holdings to 77 bitcoins and equivalent assets.
The company stated that this move is part of its long-term Bitcoin Treasury Reserve Strategy, aligning with its investment in India's first Bitcoin-native Treasury Company, HODL Systems. Matador Technologies positions itself as a "Bitcoin Ecosystem Company," believing that "the future of finance is Bitcoin on the balance sheet."
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