12:14 PM EST, 02/10/2025 (MT Newswires) -- Matador Technologies ( MTDTF ) on Monday said it selected BitGo Trust to manage and store its bitcoin holdings.

Matador his using bitcoin as a foundational asset for its treasury and as the platform for its upcoming digital gold product. BitGo will provide institutional-grade custody services using its security infrastructure.

BitGo offers a suite of custody solutions, including multi-signature wallets and 100% cold storage technology, providing protection against theft, loss, or unauthorized access. Additionally, its insurance policy provides an added layer of security, aligning with Matador's standards for asset management.

"We are pleased to partner with BitGo as our trusted custodian for bitcoin," said chief executive Deven Soni. "As we expand our engagement with digital assets, having a secure custodian like BitGo supports our security and compliance priorities."

Matador shares were last seen down $0.005 to $0.49 on the TSX Venture Exchange.

Price: 0.49, Change: -0.01, Percent Change: -1.01