Canada's Matador Raises C$1.5 Million…"Plans Additional Bitcoin and Gold Purchases"
Minseung Kang
Summary
- Matador Technologies announced that it has secured a C$1.5 million strategic investment from Arrington Capital.
- The investment will be divided roughly one-third each for Bitcoin acquisition, securing gold, the Grammies project, and general operating expenses.
- Matador commented that Arrington Capital's investment signals that leading digital asset investors around the world share the company's vision.
Bitcoin (BTC)-based fintech company Matador Technologies has secured a strategic investment from Arrington Capital. Matador is a Canadian-listed company developing Bitcoin network-based gold and precious metal products.
According to GlobeNewswire on the 31st (local time), Matador raised a total of C$1.5 million (approximately $1.1 million) in a funding round that included Arrington Capital. The funds will be split roughly one-third each for Bitcoin acquisition, securing gold and managing the company's 'Grammies' project, and general operating expenses.
Matador stated, "Arrington Capital's investment is not just a capital injection, but a signal that major global digital asset investors share Matador's vision."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![Rotation from tech to blue chips…Micron plunges 9.55% [Wall Street Briefing]](https://media.bloomingbit.io/PROD/news/d55ceac4-c0d2-4e63-aac9-f80fd45dfbbd.webp?w=250)
![[Market] Bitcoin drops intraday to the $72,000 level… debate over 'safe-haven credibility' reignited](https://media.bloomingbit.io/PROD/news/e3aeb7f7-851b-4479-bfd0-77d83a3b7583.webp?w=250)
