Matador Technologies Inc. (TSXV: MATA) (OTCQB: MATAF) (FSE: IU3) has closed its previously announced $100 million secured convertible note facility with ATW Partners, marking a significant financing milestone for the company. The initial drawdown of CAD $13.2 million (USD $9.5 million) was used to acquire 92 bitcoin at an average price of USD $102,752 per bitcoin, more than doubling Matador’s Bitcoin holdings to approximately 175 BTC. The purchase was executed through Netcoins and FalconX, with custody provided by BitGo Trust Company.
The facility is dedicated exclusively to Bitcoin accumulation, underscoring Matador’s commitment to Bitcoin as a core reserve asset and strengthening its long-term treasury framework. The transaction is pending final approval from the TSX Venture Exchange. In addition, Matador has filed an amended CAD $500 million base shelf prospectus to enhance capital-markets flexibility as it continues to advance its balance-sheet and treasury strategy.
Matador Technologies is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. The company’s strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.
Matador has also expanded its international exposure through an agreement to acquire up to a 24% interest in HODL Systems, an India-based digital asset treasury company. If completed, the investment would provide Matador with minority ownership in a market with increasing digital asset activity.
The company maintains a Bitcoin-first approach and continues to evaluate product initiatives intended to support activity on the Bitcoin network. Matador’s objective is to allocate capital prudently, pursue opportunities that fit its mandate, and focus on long-term shareholder value.
For more information about the company, visit https://www.matador.network/.
To view the full press release, visit https://ibn.fm/1apL7.
