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Matador Technologies Secures $100 Million Investment to Expand Bitcoin Holdings

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by Giorgi Kostiuk

12 hours ago

Matador Technologies Inc. has announced the signing of a $100 million financing agreement with ATW Partners to increase its Bitcoin reserves.

Financing Agreement

The company has entered into a deal with ATW Partners securing up to $100 million through secured convertible notes, with an initial tranche of $10.5 million.

Objectives and Use of Proceeds

The funds will be used exclusively for purchasing Bitcoin as part of the company's treasury allocation strategy. Matador plans to acquire up to 1,000 BTC by 2026 and 6,000 BTC by 2027.

Matador Technologies Strategy

The strategy includes growing Bitcoin per share (BPS) and aims to secure a position among the top 20 corporate Bitcoin holders globally. CEO Deven Soni noted that this financing will significantly advance the company's long-term acquisition goals.

The agreement with ATW Partners marks a significant step for Matador Technologies in increasing its Bitcoin reserves and strengthening market positions.

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