Vancouver-based Web3 incubator and venture capital firm Blockmate Ventures focuses on investing in blockchain and clean energy cryptocurrency companies in a challenging market environment. The company holds a majority stake in Hivello, whose stock (Toronto Stock Exchange ticker: MATE) has fallen 55% over the past year, and is currently trading at CAD 0.04 per share with a market capitalization of CAD 6 million. This decline aligns with Bitcoin's 40% drop since October last year and the overall industry volatility.

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