Matador plans to accumulate 1,000 bitcoins by 2026
Online report, Canadian technology company Matador Technologies Inc. The board approved a long-term bitcoin reserve strategy that plans to accumulate up to 6,000 bitcoins by 2027 and set a medium-term goal of holding up to 1,000 bitcoins by 2026. The company currently holds 77.4 bitcoins and bitcoin equivalents. To support this strategy, Matador has previously submitted an initial C$900 million short-term infrastructure prospectus to provide financing flexibility for the next 25 months. The company plans to raise funds through a variety of methods, including on-site equity offerings, convertible financing, divestitures of non-core assets, bitcoin-backed credit lines, and strategic acquisitions or partnerships.
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