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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 Announces New Bitcoin-Centric Identity as it Expands into Technology and Investment Activities
Globenewswire· 2025-05-07 11:30
Core Insights - Matador Technologies Inc. has rebranded itself as a vertically integrated Bitcoin ecosystem company, focusing on Bitcoin accumulation and product development [2][4][7] - The company's mission is to buy and hold Bitcoin, launch revenue-generating products, and reinvest cash flow to accumulate more Bitcoin, viewing it as both a treasury reserve asset and a platform for digital financial products [3][7] - Matador's new brand identity reflects its commitment to decentralized finance and emphasizes resilience, clarity, and long-term vision [4][7] Strategic Model - The Matador Bitcoin Model is designed as a self-reinforcing strategy that combines treasury management, infrastructure development, and ecosystem engagement [5][8] - The model aims to create a feedback loop where product cash flows support further Bitcoin acquisition, enabling the launch of new products and partnerships [5][7] - The company plans to strategically accumulate Bitcoin, generate treasury yield, build real-world applications, and support the broader Bitcoin ecosystem [8] Proposed Business Change - Matador has proposed a change of business from a Tier 2 Technology Issuer to a Tier 2 Technology/Investment Issuer, which will provide greater operational flexibility and support its growth trajectory [6][9] - This change reflects the company's evolution over the past six months and aims to unlock opportunities in high-growth areas of the digital asset economy [6][7] Investment Strategy - The company intends to expand its investment mandate to include tokenized real-world assets, NFTs, DeFi protocols, and other digital asset-based income streams [14] - Matador plans to strategically issue securities to fund additional acquisitions of Bitcoin and digital assets, participate in network operations, and develop decentralized applications [14] Management and Vision - Matador will retain its core management team and Board of Directors while adopting an investment policy that allows for innovative strategies across the Bitcoin and digital asset landscape [9][11] - The CEO and Chief Visionary Officer emphasize that Bitcoin will continue to serve as the foundation for innovation in value and digital infrastructure [10]
DeFi Dev Corp. Advances Solana Treasury Strategy with Validator Business Acquisition
Globenewswire· 2025-05-05 12:00
Core Viewpoint - DeFi Development Corp. has announced a strategic acquisition of a Solana validator business, enhancing its role within the Solana network and enabling direct earnings from SOL rewards [1][2]. Group 1: Acquisition Details - The acquisition involves a Solana validator business with an average delegated stake of approximately 500,000 SOL, valued at about $75.5 million [1]. - The purchase price is set at $3.5 million, consisting of $3 million in restricted DFDV stock and $500,000 in cash [1]. - Post-acquisition, the validator operation will be rebranded to DeFi Development Corp., integrating its staking rewards into the company's revenue streams [1]. Group 2: Strategic Implications - This acquisition is seen as a key strategic expansion, allowing the company to earn SOL rewards by validating transactions and securing the network [2]. - The company aims to accumulate SOL effectively to deliver superior risk-adjusted returns compared to holding SOL directly [2]. - DeFi Development Corp. currently holds approximately 317,273 SOL, valued at around $47.9 million, positioning itself as a unique public-market vehicle for Solana's native token [2]. Group 3: Treasury Policy - The company has adopted a treasury policy that allocates its principal holding in treasury reserves to Solana (SOL), providing investors access to the Solana ecosystem [3]. - This policy is expected to offer economic exposure to SOL investment for investors [3].
Rezolve Ai's Crypto Leadership Confirmed as PayPal Follows Suit with Stablecoin Strategy
Newsfilter· 2025-02-26 17:51
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- PayPal Holdings Inc.'s recent launch of its PYUSD stablecoin initiative shows that the strategy Rezolve Ai (NASDAQ:RZLV) has been pioneering in cooperation with Tether – one of the largest companies in the digital asset industry – is gaining traction throughout the market. As PayPal moves into crypto payments, Rezolve Ai's believes its foresight in enabling stablecoin transactions for everyday commerce is further validated, reinforcing its position as the leader i ...
Rezolve Ai’s Crypto Leadership Confirmed as PayPal Follows Suit with Stablecoin Strategy
Globenewswire· 2025-02-26 17:51
Rezolve Ai’s Early Adoption of Stablecoin Payments Validated as PayPal Enters the Space with PYUSDNEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- PayPal Holdings Inc.’s recent launch of its PYUSD stablecoin initiative shows that the strategy Rezolve Ai (NASDAQ: RZLV) has been pioneering in cooperation with Tether – one of the largest companies in the digital asset industry – is gaining traction throughout the market. As PayPal moves into crypto payments, Rezolve Ai’s believes its foresight in enabling stablecoi ...