Matador Technologies Inc. Announcing the End of Bitcoin Purchases

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TORONTO, Jan. 13, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA) announced today that it has completed the acquisition of approximately 29 bitcoins for a total purchase price of CAD Currency of $4.5 million. The bitcoins were acquired at an average price of USD $96,341 per bitcoin, including fees and charges.

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The purchase is part of Matador’s long-term strategy to embrace Bitcoin as the core asset of its wealth and as a platform for its upcoming digital gold product. In line with Bitcoin’s unique areas of security, liquidity, and trust, Matador aims to improve its money-saving strategy and ensure its digital gold platform operates with the most secure and stable technology available.

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“Bitcoin’s qualities as a decentralized, secure, and widely recognized digital asset align well with our vision of creating a trusted digital product backed by gold,” said Deven Soni, CEO of Matador Technologies. “This acquisition demonstrates our belief in Bitcoin as a store of high value and a strategic asset for both our economy and product development.”

For more information, please contact:

Media contact:
Sunny Ray
The president
Email: sunny@matador.network
Phone: 647-932-2668

About Matador Technologies Inc.
Matador Technologies Inc. is a digital gold platform that uses blockchain technology to digitize real-world assets like gold. Focused on creating innovative financial solutions, Matador is at the forefront of integrating blockchain technology to preserve and grow value. The Matador digital gold platform aims to democratize the gold buying experience, combining the best of modern technology with time-proven assets, creating an application that will allow users to buy, sell, and store gold 24/7 in a fun and engaging way.

Cautionary Statement Regarding Forward-Looking Information

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NEITHER THE TSX VENTURE EXCHANGE NOR ITS ADMINISTRATIVE SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE TSX VENTURE EXCHANGE TERMS) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any location.

Forward-Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve significant known and unknown risks and uncertainties, including risks related to the implementation of the Company’s treasury management strategy and the current launch of its mobile application. proposed or at all. These forward-looking statements are subject to a number of risks and uncertainties, some of which are beyond the control of the Company, including with respect to possible acquisitions of Bitcoin and/or US dollars, the price of such acquisitions and the timing of future operations. . Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be inaccurate and, therefore, undue reliance should not be placed on forward-looking statements.

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