Matador Technologies Inc. (TSXV: MATA) has announced Today, it has set a target to buy up to 6,000 Bitcoins by 2027. The interim goal is to reach 1,000 BTC in 2026. It currently has 77.4 BTC, and plans to be a global top 20 corporate Bitcoin holder.
“Our business is structured around Bitcoin as a core asset,” Deven Soni, CEO of Matador Technologies. “This approach extends beyond treasury management to include infrastructure and operational components aligned with the Bitcoin ecosystem. Execution is subject to financing, market conditions and regulatory approval.”
Matador filed a base shelf prospectus for CAD 900,000,000 to fund the initiative. This will allow it to raise funds through debt or equity. This entire fund will go towards purchasing Bitcoin At an average of CAD $151,659 per BTC the company would be able to purchase approximately 5,934 BTC. This would be combined with the company’s current 77 BTC holdings to total approximately 6,011 BTC. The target for 2027 is met.
“This filing is currently under review,” The press release said. “If approved, the Shelf Prospectus will allow the company to issue equity, debt, or units at any time over a 25-month period, giving Matador the flexibility to raise capital in alignment with favorable market conditions.”
The company has explored a variety of financing strategies including ATM equity offerings, BTC-backed credit facilities and convertible or structured fundings. It is also exploring the divestiture or non-core asset sales, strategic partnerships or acquisitions that will boost BPS.
“Holding Bitcoin as a treasury asset allows us to align with a fixed-supply, globally accessible monetary network,” Mark Moss, Chief Visionary of Matador Technologies. “Our future plans to accumulate Bitcoin are designed to establish long-term stability on our balance sheet while reducing exposure to inflationary risk. Execution is subject to financing, market conditions and regulatory approval.”
Matador’s Bitcoin Strategy focuses on increasing Bitcoin Per Share (BPS), generating BTC yield, through strategic accumulation. volatilityIt also supports the broader ecosystem through partnerships and global treasury investments, starting with its stake in HODL Systems (India). This company supports the broader crypto-ecosystem by partnering and investing in global treasuries, beginning with HODL (India).
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Source: bitcoinmagazine.com
