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Matador Acquires 5 Bitcoin for CAD$802,020, Bringing Its Total Bitcoin (and Bitcoin Equivalent) Holdings to 77.4
Globenewswire· 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].
Matador Technologies Inc. Announces Closing of Second Tranche of Non-Brokered Private Placement to Support Bitcoin Acquisition
Globenewswire· 2025-06-04 20:15
Core Viewpoint - Matador Technologies Inc. has successfully closed the second tranche of its non-brokered private placement, raising C$1,644,300 by issuing 2,652,097 units at a price of $0.62 per unit, as part of a broader offering announced earlier [1][5]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $0.77 for twelve months [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]. - The second tranche is subject to a statutory hold period until October 5, 2025, and the company paid finders fees totaling $95,582, issuing 152,165 broker warrants [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated approximately one-third each to the purchase of Bitcoin, advancing gold acquisition initiatives, and general corporate purposes [5]. Group 3: Insider Participation - Insiders subscribed for a total of 200,000 units in the second tranche, which is classified as a related party transaction, exempt from formal valuation and minority shareholder approval requirements [6]. Group 4: Company Overview - Matador Technologies Inc. is a publicly traded company focused on the Bitcoin ecosystem, holding Bitcoin as its primary treasury asset and developing products to enhance the Bitcoin network [7]. - The company's flagship product, the Digital Gold Platform, allows users to trade 1-gram gold units on the Bitcoin blockchain, integrating traditional value with decentralized technology [8].