Matador Technologies has secured a $100 million convertible note facility from ATW Partners to expand its Bitcoin holdings. The initial tranche of $10.5 million will be used for Bitcoin purchases, with the company aiming to acquire 1,000 BTC by 2026 and 6,000 BTC by 2027. The notes carry an 8% annual interest rate, potentially decreasing to 5% upon a NASDAQ or NYSE listing. The convertible note structure allows Matador to raise capital without immediate shareholder dilution, providing note holders with downside protection and conversion rights. The facility includes provisions for up to $89.5 million in additional drawdowns, enabling Matador to scale its Bitcoin acquisitions in line with market conditions. This move reflects a growing trend of institutional interest in Bitcoin-focused corporate finance, as seen with companies like Strategy, which holds over 640,808 BTC.