Canadian tech company Matador purchased 29 bitcoins for 4.5 million Canadian dollars

ChainCatcher news, according to Globenewswire, the technology company Matador Technologies, based in Toronto, Canada, announced that it has purchased approximately 29 bitcoins at a total purchase price of 4.5 million Canadian dollars. The average purchase price of these bitcoins was $96,341, including fees and expenses. This purchase is part of Matador's long-term strategy, which aims to use bitcoin as the underlying asset for its capital and as a platform for its upcoming digital gold product, designed to enhance its capital preservation strategy and ensure that its digital gold platform operates on secure and stable technology.