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0 0.00166021029330388 -0.000553403431101163 -0.00221361372440504 -0.00387382401770893 -0.00829551743220801 -0.00940785832872154 -0.00387382401770893
Stock impact report

Matador Technologies Launches Bitcoin Yield Strategy With Galaxy [Yahoo! Finance]

Galaxy Digital Inc. - Class A common stock (GLXY) 
Company Research Source: Yahoo! Finance
Bitcoin treasury firm Matador Technologies (TSXV: $MATA) said Tuesday it was collaborating with Galaxy Digital (NASDAQ: $GLXY) to launch a Bitcoin yield generation program. According to the press release, Matador says it will execute covered calls and other options strategies to generate yield on an initial allocation of up to 20 Bitcoins (CRYPTO: $BTC). The Toronto based company is looking to transition from a passive holding model to an active yield-producing strategy by leveraging Galaxy's institutional-grade financial services without liquidating its long-term position. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket "This initiative aligns seamlessly with Matador's Show less Read more
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