Matador Technologies, a Canadian publicly traded company, has expanded its Bitcoin holdings by acquiring 92 bitcoins. This purchase follows the completion of a $100 million secured convertible bond financing arrangement with ATW Partners. The company executed its first drawdown under this agreement, investing CAD 13.2 million (approximately US$9.5 million) to purchase the bitcoins through Netcoins and FalconX. The average acquisition price was US$102,752 per bitcoin, inclusive of fees and expenses.
Matador Technologies Acquires 92 Bitcoins Following $100M Financing
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