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Matador Acquires 8.4 Bitcoin for CAD$1.2M, Bringing Its Total Bitcoin (and Bitcoin Equivalent) Holdings to 77
Globenewswireยท 2025-06-25 11:00
Core Viewpoint - Matador Technologies Inc. has acquired an additional 8.4 bitcoin for CAD$1.2 million (USD$878,763), reinforcing its commitment to Bitcoin as a long-term asset [1][5] Group 1: Bitcoin Acquisition and Holdings - The recent acquisition brings Matador's total Bitcoin holdings to approximately 77 bitcoin, aligning with its strategy to diversify its treasury with long-duration reserve assets [2] - The average purchase price for the newly acquired bitcoin was USD$104,914, inclusive of fees and expenses [1] - The company aims to increase its Bitcoin per share as part of its reserve asset strategy, reflecting a global shift towards sound money assets [6] Group 2: Financial Management and Strategy - Matador operates debt-free, with all Bitcoin holdings free and clear, and maintains cash reserves of approximately CAD$5.3 million and physical gold holdings valued at around CAD$323,000 [2][3] - The company received conditional approval from the TSX Venture Exchange for a proposed Change of Business to a Tier 2 hybrid Investment/Technology Issuer, which would enable it to implement its treasury-first strategy [4] Group 3: Long-term Vision and Market Position - Matador integrates Bitcoin into its long-term strategy, viewing it as a core treasury asset and the foundation for its Digital Gold Platform [5] - The company has expanded its global footprint by investing in HODL Systems, securing up to a 24% ownership stake, which strengthens its position as a leading Bitcoin treasury company [9] - Matador's strategy combines strategic Bitcoin accumulation, product development, and participation in digital asset infrastructure to drive long-term shareholder value [8]