Matador Technologies Inc. Secures USD $100 Million Financing Facility to Accelerate Bitcoin Treasury Growth

Core Insights - Matador Technologies Inc. has entered into a secured convertible note facility agreement with ATW Partners, allowing the issuance of convertible notes totaling up to USD $100 million [2][3] - The initial funding of USD $10.5 million will support Matador's strategy to acquire Bitcoin, aiming to hold up to 1,000 BTC by 2026 and 6,000 BTC by 2027, positioning itself among the top 20 corporate holders globally [3][6] - The notes will carry an 8% annual interest rate and will be secured by Bitcoin collateral, with a conversion price set at CAD$0.72 for the initial tranche [4][5] Funding Structure - The secured convertible notes provide a minimally dilutive and price-adaptive funding mechanism, converting at market-aligned prices [2] - The facility is designed to exclusively fund Bitcoin purchases, reinforcing Matador's treasury strategy [3][5] - The notes will be senior secured, with the initial closing backed by 1.5x Bitcoin collateral and future tranches by 1.0x Bitcoin collateral [4] Strategic Goals - Matador aims to hold 1% of Bitcoin's total supply as part of its long-term strategy [6] - The partnership with ATW Partners enhances Matador's capital and strategic depth in the Bitcoin ecosystem [5] - The company is also expanding its global footprint by investing in HODL Systems, securing up to a 24% ownership stake [10]