Matador Technologies has secured approval to raise CAD 80 million over the next 25 months through various financial instruments, including common shares, warrants, subscription receipts, and bonds. The capital will be allocated to corporate needs and significantly increasing the company's Bitcoin holdings. Currently, Matador holds 175 BTC and plans to expand this to 1,000 BTC by 2026.
This strategic move underscores Matador's commitment to Bitcoin as a key asset in its portfolio. The company's aggressive acquisition plan could potentially impact Bitcoin's market dynamics as it progresses towards its target over the coming months.
Matador Technologies to Raise CAD 80M for Bitcoin Acquisition
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