Matador Technologies Inc. has successfully completed a $10.5 million convertible bond financing with ATW Partners, aimed at expanding its Bitcoin reserves. The company plans to use the funds to purchase up to 1,000 BTC by 2026 and aims to accumulate 6,000 BTC by 2027, positioning itself among the top 20 corporate Bitcoin holders globally. The bonds carry an 8% annual interest rate, which will reduce to 5% if Matador transitions its listing from the TSX Venture Exchange to Nasdaq or the NYSE.
Matador Secures $10.5 Million to Boost Bitcoin Holdings
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