Wu said that Canadian technology company Matador Technologies Inc announced the launch of a non-brokered private placement financing of up to 3 million Canadian dollars (approximately 2.15 million US dollars). The net proceeds from this placement will be used for the purchase of Bitcoin, advancing gold acquisitions and Grammies-related business, as well as general corporate purposes. Previously, on January 13, Matador announced that it had completed the acquisition of approximately 29 Bitcoins, with a total purchase price of 4.5 million Canadian dollars (approximately 3.12 million US dollars).