crypto Queen Abrash
07/17 10:02
The Canadian Bitcoin firm wants to hold 1% of the total supply of BTC over the next few years.
Publicly traded Bitcoin solutions firm Matador Technologies says it is planning to buy up to 6,000 Bitcoin by 2027, in a significant acceleration of its Bitcoin buying strategy.
The Canadian blockchain and Bitcoin technology firm announced on Wednesday that it has an interim objective of buying 1,000 Bitcoin
The firm currently holds 77.4 BTC, worth around $9 million at current market prices. Its long-term goal is to hold 1% of the total supply and become a top 20 corporate Bitcoin holder globally.
Our business is structured around Bitcoin as a core asset,” said Deven Soni, CEO of Matador Technologies.
He added that the new approach extends beyond treasury management to include “infrastructure and operational components” aligned with the Bitcoin ecosystem.
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