Matador Technologies is set to significantly expand its Bitcoin portfolio after receiving approval from the Ontario Securities Commission to raise up to CAD 80 million. This ambitious plan aims to bolster the company's cryptocurrency holdings as it targets ownership of 1,000 Bitcoin by the end of 2026. The source notes that this move reflects a growing trend among companies to increase their investments in digital assets.
Matador's Bitcoin Holdings
Currently, Matador holds 175 Bitcoin, which is valued at around CAD 153 million. The decision to increase its Bitcoin holdings comes at a time when the cryptocurrency market is experiencing notable volatility, prompting cautious reactions from investors.
Market Reaction
Following the announcement of this fundraising initiative, Matador's shares dropped by 3.57%. This indicates a level of uncertainty among stakeholders regarding the company's future performance in the crypto space.
In a recent development, payment companies raised an impressive $62 billion in 2025, showcasing a stark contrast to Matador Technologies' more cautious approach in expanding its Bitcoin portfolio. For more details, see more.
