Canadian-listed Matador Technologies Plans to Raise CAD 900 Million to Further Increase Bitcoin Holdings

According to ChainCatcher, citing Globenewswire, Bitcoin ecosystem company Matador Technologies has submitted a prospectus to securities regulators in all Canadian provinces except Quebec, with plans to offer various securities—including common shares, debt securities, warrants, and subscription receipts—in phases over the next 25 months, aiming to raise up to CAD 900 million. The funds raised will be used to drive future growth, make strategic acquisitions of Bitcoin assets, and expand its Bitcoin treasury reserves.

Previous reports indicated that Matador Technologies holds a total of 77 Bitcoins.