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Matador Technologies Receives Final Approval for Change of Business โ Clearing the Way for Bitcoin Ecosystem Strategy
Globenewswireยท 2025-07-02 11:30
Core Insights - Matador Technologies Inc. has received final approval from the TSX Venture Exchange to transition to a hybrid "Technology / Investment" issuer, enabling it to operate flexibly within the Bitcoin economy [2][3][5] - The company now holds 77.4 Bitcoin and Bitcoin equivalents, including a recent acquisition of 8.4 BTC for CAD$1.2 million, and maintains a disciplined capital base of approximately CAD$5.3 million [5][6] - Matador is pursuing a strategic investment in HODL Systems, a digital asset firm in India, aiming for a 24% ownership stake, which is subject to TSXV approval [8][18] Business Strategy - The approval allows Matador to execute its strategy of scaling Bitcoin holdings, investing in Bitcoin infrastructure, and developing related digital asset technologies [3][4][12] - The company plans to deploy capital into Bitcoin-native technologies and markets, focusing on treasury management, custody, synthetic mining, and tokenization [13][12] - Matador's balance sheet reflects its core thesis that sound money infrastructure is essential for the next generation of financial services [7] Market Expansion - India is identified as a strategic market for Matador, with significant growth potential in technology infrastructure and digital financial services [9][11] - The investment in HODL Systems positions Matador to leverage India's growing investor base and interest in financial innovation [10][18] - The company aims to monetize its balance sheet through synthetic mining and yield generation while expanding its global footprint [12][13] Leadership and Governance - Matador's strategic direction is supported by a seasoned leadership team and a Strategic Advisory Board, including industry veterans [14] - The current Vice-President of Finance, Geoff St. Clair, will continue in his role, bringing extensive experience in finance and corporate development [15][16]
Matador Acquires 5.38 Bitcoin for CAD$798,000, Bringing Its Total Bitcoin (and Bitcoin Equivalent) Holdings to approximately 69
Globenewswireยท 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 Strategic Advisory Board Featuring Leaders from Bitcoin and Gold
Globenewswireยท 2025-06-09 11:30
Core Viewpoint - Matador Technologies Inc. has established a Strategic Advisory Board to enhance its Bitcoin treasury strategy and real-world asset platform, aiming to bridge traditional assets with the Bitcoin economy [1][4]. Group 1: Strategic Advisory Board Members - David Bailey, CEO of BTC Inc and founder of Nakamoto Inc, brings extensive experience in the Bitcoin ecosystem and has a strong focus on Bitcoin treasury strategies [1]. - Brad Mills, an entrepreneur and early Bitcoin advocate, will leverage his expertise in Bitcoin treasury models and community engagement to accelerate Matador's market entry [2]. - Dave Forestell, with a background in public policy and corporate affairs, offers insights into regulatory frameworks and the intersection of Bitcoin and natural resources [3]. Group 2: Company Overview and Strategy - Matador Technologies positions itself as a Bitcoin ecosystem company, accumulating Bitcoin as its primary treasury asset and developing products on the Bitcoin network [5]. - The company aims to create institutional-grade tools to maximize Bitcoin's potential as a treasury reserve and infrastructure for new digital assets [5]. - Matador's flagship offering, the Digital Gold Platform, allows users to trade 1-gram gold units on the Bitcoin blockchain, integrating traditional value with decentralized technology [7]. Group 3: Company Vision and Future Plans - The CEO of Matador expressed pride in the advisory team, emphasizing their collective expertise and commitment to Bitcoin as a means to accelerate the company's mission [4]. - The company maintains a debt-free balance sheet and focuses on innovation to shape the future of financial infrastructure on Bitcoin [7].
Matador Technologies Inc. Announces Closing of Second Tranche of Non-Brokered Private Placement to Support Bitcoin Acquisition
Globenewswireยท 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].
Matador Technologies Inc. Announces $1.5 Million Strategic Investment by Arrington Capital
Globenewswireยท 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. Enters Binding LOI to Partner with Indian Digital Asset Product Strategy Firm
Globenewswireยท 2025-05-29 16:00
Core Viewpoint - Matador Technologies Inc. has entered into a binding letter of intent to invest in HODL Systems, a publicly traded Indian technology company focused on digital assets, with an investment amount of up to USD 3.2 million, potentially acquiring a 24.95% ownership stake [1][2]. Investment Details - The investment will be structured as share warrants, allowing Matador to achieve up to 24.95% ownership in HODL upon full exercise of the warrants [2]. - The first tranche of the investment is expected to close on or before July 10, 2025, subject to customary conditions and regulatory approvals [4]. Strategic Rationale - The investment aligns with Matador's strategy to increase exposure to the global digital asset ecosystem and expand into high-growth markets, particularly in India [7]. - India is identified as a significant market for technology and digital assets, with a large population of tech-savvy, younger investors [7]. - Matador plans to enter into a licensing agreement with HODL to distribute its proprietary digital gold product and Ordinals technology in India, enhancing access to blockchain-based products [3][7]. Market Opportunity - India holds over 25,000 tonnes of gold, making it the largest private gold-owning country globally, and has a growing middle class that is increasingly adopting digital investment platforms [7]. - The demographic trend shows that over 65% of India's population is under the age of 35, indicating a strong potential market for digital asset solutions [7]. Future Growth Potential - Through this investment and licensing arrangement, Matador aims to participate in HODL's future growth and expansion into digital asset markets, potentially creating long-term value [7].
Matador Technologies Inc. Announces Closing of Final Tranche of Non-Brokered Private Placement to Support Bitcoin Acquisition
Globenewswireยท 2025-05-28 18:30
Core Viewpoint - Matador Technologies Inc. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of approximately C$2.99 million to support its Bitcoin-focused initiatives and other business ventures [1][5]. Group 1: Offering Details - The second tranche involved the issuance of 2,588,955 units at a price of $0.55 per unit, generating gross proceeds of C$1,423,925 [1]. - Combined with the first tranche, the total units issued amount to 5,452,773, raising a total of $2,999,025 [1]. - 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 $0.75 for twelve months [2]. Group 2: Warrant Provisions - The warrants include an acceleration clause, allowing the company to shorten the expiry date if the closing price of its shares exceeds $1.05 for five consecutive trading days [3]. - The securities from the second tranche are subject to a statutory hold period until September 29, 2025 [4]. Group 3: Use of Proceeds - The net proceeds from the offering are planned to be allocated approximately one-third each to the purchase of Bitcoin, advancing gold acquisition initiatives, and general corporate purposes [5]. Group 4: Insider Participation - Insiders subscribed for a total of 200,000 units in the second tranche, which is classified as a related party transaction [6]. Group 5: 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][9]. - The company's flagship product, the Digital Gold Platform, allows users to trade 1-gram gold units inscribed as Bitcoin Ordinals, merging traditional value with decentralized technology [8].
Matador Technologies Inc. Announces Additional Non-Brokered Private Placement
Globenewswireยท 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].
Matador Technologies Announces New Bitcoin-Centric Identity as it Expands into Technology and Investment Activities
Globenewswireยท 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]
Matador Technologies Inc. Announces Symbol Change and DTC Eligibility of its Common Shares
Globenewswireยท 2025-04-28 11:00
Group 1 - Matador Technologies Inc. has changed its stock ticker symbol on the OTCQB from "MTDTF" to "MATAF" effective April 28, 2025, to improve brand alignment [1] - The company's common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC), enhancing liquidity and accessibility for U.S. investors [2][3] - The CEO of Matador Technologies emphasized that DTC eligibility is a significant step in expanding the company's presence in U.S. capital markets and aligns with its strategy to enhance shareholder visibility and liquidity [3] Group 2 - Matador Technologies is focused on developing its Digital Gold Platform, which integrates physical gold with digital art inscriptions on the Bitcoin blockchain using Ordinals technology [3][4] - The company aims to democratize the gold buying experience by leveraging blockchain technology to create a platform for users to buy, sell, and store gold conveniently [4]