Matador Technologies Plans 6,000 $BTC Treasury by 2027 Through $656M Strategy


Canadian blockchain firm Matador Technologies has announced plans to accumulate 6,000 $BTC by 2027, targeting 1% of the total supply.


The company currently holds 77.4 $BTC worth $9 million and aims to become a top 20 corporate $BTC holder globally.


Matador filed a CA$900 million (~$654.74M) shelf prospectus providing 25-month financing flexibility for the $BTC treasury strategy.


The firm received TSX Venture Exchange approval for hybrid "technology/investment issuer" status in early July, clearing regulatory hurdles.


Funding methods include at-the-market equity offerings, convertible financings, asset divestitures, and $BTC-backed credit facilities.


CEO Deven Soni said the business is "structured around Bitcoin as a core asset" beyond treasury management.


Matador stock fell 4.65% Wednesday despite the announcement, though shares remain up 37% year-to-date.


Corporate $BTC treasuries now hold 1.15 million $BTC worth $136 billion, representing 6% of the total circulating supply.

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July 17, 2025 at 12:53 PM
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