The board of directors of the publicly traded company Matador has approved the addition of Bitcoin and dollar-denominated assets to the company's treasury

ChainCatcher news, according to GlobeNewswire, Canadian public company Matador Technologies Inc. announced that its board has unanimously approved the addition of Bitcoin and USD-denominated assets to its corporate treasury as part of its long-term capital preservation strategy.

It is reported that Matador plans to make an initial allocation of $4.5 million to Bitcoin in December 2024 and will continue to explore additional purchases at the board level through a disciplined buying program.