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Matador Acquires 5.38 Bitcoin for CAD$798,000, Bringing Its Total Bitcoin (and Bitcoin Equivalent) Holdings to approximately 69
Globenewswire· 2025-06-11 11:30
Core Viewpoint - Matador Technologies Inc. has acquired an additional 5.38 bitcoin for CAD$798,000 (USD$581,198), bringing its total Bitcoin holdings to approximately 69 bitcoin, reinforcing its long-term capital preservation strategy [1][2]. Financial Position - The company operates debt-free, with all Bitcoin holdings free and clear, and maintains cash reserves of approximately CAD$6.5 million and physical gold holdings of 2 kilograms (approximately CAD$319,000) [2][3]. - The recent acquisition of Bitcoin was made at an average price of USD$107,217 per bitcoin, inclusive of fees and expenses [1]. Strategic Investments - Matador has committed to invest in HODL Systems, a publicly traded Indian technology company, which would provide up to 24.95% ownership, enhancing its exposure to the global digital asset ecosystem [3][6]. - This investment aligns with the company's goal of deepening its commitment to Bitcoin as a reserve asset and expanding its treasury holdings [6]. Long-term Strategy - The company integrates Bitcoin into its long-term strategy as a core treasury asset and aims to leverage blockchain technology to deliver long-term value for stakeholders [4][5]. - Matador's strategy includes strategic Bitcoin accumulation, product development, and participation in digital asset infrastructure, driving long-term shareholder value without dilution [5].
Matador Technologies Inc. Announces $1.5 Million Strategic Investment by Arrington Capital
Globenewswire· 2025-05-30 11:30
Core Viewpoint - Matador Technologies Inc. has successfully closed a CAD$1.5 million investment from Arrington Capital as part of a non-brokered private placement offering, aimed at enhancing its Bitcoin-focused financial technologies [1][4]. Group 1: Investment Details - The investment was part of an offering where 2,419,354 Units were issued at a price of $0.62 per Unit, each consisting of one common share and one-half of a common share purchase warrant [2]. - Each whole warrant allows the holder to acquire an additional common share at $0.77 for 12 months, with an acceleration clause if the share price exceeds $1.15 for five consecutive trading days [2][6]. Group 2: Strategic Importance - Arrington Capital, co-founded by Michael Arrington, is recognized for investing in blockchain and digital asset ventures, which aligns with Matador's focus on Bitcoin and tokenized assets [3]. - The CEO of Matador expressed enthusiasm about the strategic partnership, highlighting that it reflects confidence from top digital asset investors in the company's vision for Bitcoin-native financial products [4]. Group 3: Company Overview - Matador is the only public Canadian company developing gold and precious metal products on the Bitcoin network, with a treasury strategy that includes holdings in both Bitcoin and gold [5]. - The net proceeds from the offering will be allocated to purchasing Bitcoin, acquiring gold, and general corporate purposes, with a hold period for the securities until September 30, 2025 [6]. Group 4: Product Offering - The flagship product, the Digital Gold Platform, enables users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals, merging traditional value with decentralized technology [8]. - Matador aims to enhance the Bitcoin network through strategic accumulation and product development, focusing on long-term shareholder value without dilution [7].
Matador Technologies Inc. Announces Additional Non-Brokered Private Placement
Globenewswire· 2025-05-22 19:30
Core Viewpoint - Matador Technologies Inc. is conducting a non-brokered private placement offering to raise up to C$4,000,000 by issuing units priced at $0.62 each, with an option to increase the offering by 15% [1][4]. Group 1: Offering Details - The offering consists of up to 6,451,613 units, each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant allows the holder to purchase an additional common share at a price of $0.77 for a period of twelve months from issuance [2]. - The warrants include an acceleration clause, allowing the company to shorten the expiry date if the share price exceeds $1.15 for five consecutive trading days [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated approximately one-third to the purchase of Bitcoin, one-third to advancing gold acquisition and Grammies business initiatives, and one-third for general corporate purposes [5]. Group 3: Company Overview - Matador Technologies Inc. is a Bitcoin-focused company that holds Bitcoin as its primary treasury asset and develops products to enhance the Bitcoin network [6]. - The company's flagship offering, the Digital Gold Platform, allows users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals, integrating traditional value with decentralized technology [7].
X @il Capo Of Crypto
il Capo Of Crypto· 2025-04-16 16:18
Bitcoin Ecosystem & Partnership - Babylon is a strong addition to the Bitcoin ecosystem [1] - The partnership with Sui is a positive signal for Babylon [1] BTCfi Expansion - Sui is becoming a Bitcoin Secured Network (BSN) on the Babylon protocol, expanding its BTCfi reach [1] - Babylon and Sui Network are deepening technical ties, expanding Sui's growing connection with Bitcoin [1]