Matador Technologies has revised the terms of its $100 million convertible note agreement with ATW Partners to enhance its Bitcoin holdings. The initial tranche of $10.5 million has been completed, secured by Bitcoin collateral covering 150% of the principal amount. The agreement features an 8% interest rate, which could decrease to 5% if Matador lists on NASDAQ or NYSE. The funds from this deal are earmarked exclusively for purchasing Bitcoin, aiming to increase the company's per-share value. CEO Deven Soni emphasized this as a crucial step in their Bitcoin accumulation strategy. While the company has stopped setting public Bitcoin targets due to regulatory feedback, it aims to acquire up to 1,000 BTC by 2026, highlighting the growing role of Bitcoin in corporate strategies.