Bitcoin as reserve asset
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Matador Acquires 5 Bitcoin for CAD$802,020, Bringing Its Total Bitcoin (and Bitcoin Equivalent) Holdings to 77.4
Globenewswireยท 2025-08-11 11:30
Core Viewpoint - Matador Technologies Inc. has acquired an additional 5 bitcoin for CAD$802,020 (USD$583,093), aligning with its long-term strategy to integrate Bitcoin as a core asset in its treasury [1][2]. Group 1: Acquisition Details - The recent acquisition increases Matador's Bitcoin holdings to approximately 77.4 bitcoin, reinforcing its objective to diversify its treasury with long-duration reserve assets [2]. - The 5 bitcoin were acquired at an average price of USD$116,619 per bitcoin, inclusive of fees and expenses [1]. - The purchase was funded with existing cash on hand, and the company has filed a CAD$900 million base-shelf prospectus and is closing a USD$100 million secured convertible-note facility to support further Bitcoin acquisitions [2][3]. Group 2: Strategic Goals - Matador aims to maximize Bitcoin per share and ultimately hold 1 percent of Bitcoin's fixed 21-million-coin supply [2]. - The company has disclosed targets of acquiring 1,000 BTC by 2026 and 6,000 BTC by 2027 [3]. - The acquisition reflects the company's intention to increase its Bitcoin per share as part of its reserve asset strategy, aligning with the global shift to sound money assets [4]. Group 3: Broader Strategy and Investments - Matador is committed to expanding its treasury holdings of Bitcoin and leveraging blockchain technology to support long-term stakeholder value [5]. - The company has recently invested in HODL Systems, securing up to a 24% ownership stake, which strengthens its position as a leading Bitcoin treasury company [7]. - Matador's strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure [6].