Latest news with #MatadorTechnologies
Time of India
3 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : FET Maintains Key Support: Eyes on $1.03 and Beyond
16 Jul 2025 | 11:55:11 PM IST is showing signs of bullish momentum after holding crucial support levels, with targets set at $1.03 and potentially $1.40 if the upward trend continues. In recent developments, (FET) has demonstrated resilience by bouncing back from significant support zones, particularly the 0.618 Fibonacci retracement level. This rebound suggests a bullish trend, with potential targets at $1.03 and $1.40. Meanwhile, the U.S. House of Representatives has advanced procedural votes on key cryptocurrency legislation, including the GENIUS Act and the Anti-CBDC Act, setting the stage for formal debates later this week. In corporate news, Matador Technologies has unveiled a long-term strategy to significantly boost its Bitcoin holdings, aiming to acquire up to 6,000 Bitcoins by 2027. Additionally, Bitcoin strategy manager Chaitanya Jain expressed confidence in the company's ability to manage debt even if Bitcoin prices dip below $20,000, ensuring adequate collateral is maintained. Lastly, VCI Global Limited has announced its acquisition of a Malaysian fund management firm, planning to launch a Bitcoin fund aimed at institutional investors. These developments reflect a dynamic landscape in the cryptocurrency sector, highlighting both corporate strategies and legislative progress. Show more
Yahoo
29-05-2025
- Business
- Yahoo
Matador Technologies to Acquire Stake in Indian Firm HODL Systems
Matador Technologies, a Toronto-based digital asset firm, has entered a binding letter of intent to invest up to $3.2 million in HODL Systems, a publicly listed Indian company that integrates crypto into its treasury strategy. If fully exercised, the investment would give Matador up to a 24.95% ownership stake. The agreement also outlines plans for HODL to license and distribute Matador's blockchain-based digital gold and Ordinals products in India — one of the world's most gold-obsessed and mobile-savvy markets. India's households hold over 25,000 tonnes of gold, according to the World Gold Council, while more than 65% of the population is under 35, presenting a large potential user base for digital investment platforms. 'This strategic investment in HODL underscores our commitment to expanding our footprint in high-growth markets,' said Matador CEO Deven Soni. Chief Visionary Officer Mark Moss added that the partnership reflects a belief that 'the next wave of global financial infrastructure will be built on digital assets.' Pending regulatory approvals, the first tranche of the warrant investment — 25% of the total — is expected to close by July 10, 2025. The remainder will be committed within 18 months. The warrants can be converted into equity shares at a 1:1 ratio during that window. The deal is subject to TSX Venture Exchange approval, shareholder consent at HODL, and issuance of the warrants in dematerialized form. If completed, the move would not only mark Matador's entry into India, but also position the firm to tap into one of the largest untapped markets for crypto-backed financial tools. Sign in to access your portfolio
