Matador Technologies Announces Initial USD$10.5M Draw Under USD$100M Convertible Note Facility, Underscoring Strength and Execution in the Digital-Asset Market

Core Insights - Matador Technologies Inc. successfully closed a USD $100 million secured convertible note facility to acquire Bitcoin, marking a significant achievement for the company and the digital asset market [1][2][5] - The acquisition of 92 Bitcoin for CAD $13.2 million (USD $9.5 million) increases Matador's total Bitcoin holdings to approximately 175 Bitcoin [1][3][5] - The financing reinforces Matador's commitment to Bitcoin as a core reserve asset and its disciplined approach to building a regulated Bitcoin treasury program [2][5] Financial Details - The average purchase price for the Bitcoin was USD $102,752 per Bitcoin, including fees and expenses [1] - The proceeds from the secured note facility are restricted to purchasing Bitcoin for Matador's balance sheet [3] - Matador has filed a preliminary short-form base shelf prospectus for CAD $500 million to provide additional flexibility in its capital-markets programs [4] Strategic Focus - The company aims to strengthen its Bitcoin reserves while maintaining capital discipline and transparency within a regulated public-company framework [5][8] - Matador has expanded its international exposure by agreeing to acquire up to a 24% interest in HODL Systems, an India-based digital asset treasury company [7] - The company continues to evaluate product initiatives to support activity on the Bitcoin network, focusing on long-term shareholder value [8]