TechFlow, July 16 — According to Globe Newswire, the board of directors of Canadian tech company Matador Technologies Inc. has approved a long-term Bitcoin reserve strategy, planning to accumulate up to 6,000 Bitcoin by 2027, with an interim target of holding up to 1,000 Bitcoin by 2026. The company currently holds 77.4 Bitcoin and Bitcoin equivalents.
To support this strategy, Matador has previously filed a preliminary short-form base shelf prospectus for CAD 900 million, providing financing flexibility over the next 25 months. The company plans to raise funds through various means, including at-the-market equity offerings, convertible financings, non-core asset divestitures, Bitcoin-backed credit facilities, and strategic acquisitions or partnerships.
