23.07.2025 17:54
Matador Technologies Inc., a publicly traded company (TSXV: MATA), has secured a substantial financial boost to its Bitcoin acquisition strategy. A recently announced agreement with ATW Partners provides a $100 million secured convertible note facility, significantly accelerating Matador's ambitious plans to build a substantial Bitcoin treasury.
An initial tranche of $10.5 million has already been disbursed, signifying the immediate commencement of Bitcoin purchases. The remaining $89.5 million is contingent upon regulatory approvals, but its allocation remains solely dedicated to increasing Matador's Bitcoin holdings. This strategic move underscores the company's unwavering commitment to a Bitcoin-centric treasury.
Deven Soni, CEO of Matador Technologies, hailed the funding as a major step towards their long-term Bitcoin accumulation objectives. He emphasized the capital injection's effectiveness in bolstering their Bitcoin reserves without causing immediate dilution of existing shares, thus aligning perfectly with their broader financial strategy.
This significant funding underpins Matador's publicly declared long-term Bitcoin strategy, unveiled earlier in July. This comprehensive plan aims for a substantial increase in Bitcoin holdings, targeting 1,000 BTC by 2026, a further expansion to 6,000 BTC by 2027, and an ultimate goal of owning 1% of Bitcoin's total supply, securing a place among the top 20 corporate Bitcoin holders globally.
Mark Moss, Chief Visionary Officer of Matador Technologies, reinforced the centrality of Bitcoin to Matador's operational model and financial strategy. He highlighted the funding structure's efficiency in increasing Bitcoin holdings per share, further demonstrating growing institutional confidence in Matador's innovative approach. The notes themselves carry an 8% annual interest rate, mature within approximately two years from each closing date, and are secured by Bitcoin collateral – 1.5 times coverage for the initial tranche and 1.0 times for subsequent tranches. The initial conversion price, based on the market closing price before the announcement, stands at CAD$0.72. This substantial investment clearly showcases a strong belief in Bitcoin’s future.
