Matador approved to sell $58.4 million in stocks to increase Bitcoin holdings
According to Odaily, Matador has announced that it has received approval to issue stocks, warrants, debt securities, or units worth 80 million Canadian dollars (approximately 58.4 million US dollars) within 25 months. Matador CEO Deven Soni stated that the company's goal is to increase its bitcoin holdings to 1,000 by the end of 2026.
Currently, Matador holds 175 bitcoins, valued at 15.3 million US dollars. The company plans to further increase its holdings to 6,000 bitcoins by the end of 2027 after reaching the 1,000 bitcoin target in 2026. Its long-term goal is to hold 1% of the total bitcoin supply, which is approximately 210,000 bitcoins.
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