Matador Technologies Inc. has successfully closed a $100 million secured convertible note facility with ATW Partners and executed its first drawdown to acquire 92 bitcoin for CAD $13.2 million. The transaction, conducted at an average price of USD $102,752 per bitcoin, more than doubles the company's bitcoin holdings to approximately 175 bitcoin, significantly strengthening its treasury position.
The convertible note facility is dedicated exclusively to Bitcoin accumulation and represents a major financing milestone for the publicly traded company. The facility remains pending final approval from the TSX Venture Exchange, where Matador trades under the symbol TSXV: MATA. The company also maintains listings on OTCQB as MATAF and on the Frankfurt Stock Exchange as FSE: IU3.
Matador executed the bitcoin purchase through multiple digital asset platforms, utilizing Netcoins and FalconX for acquisition while securing custody services through BitGo Trust Company. This strategic approach demonstrates the company's commitment to institutional-grade security and execution in its bitcoin accumulation strategy. The transaction underscores Matador's positioning of Bitcoin as a core reserve asset within its corporate treasury framework.
In conjunction with the convertible note facility, Matador filed an amended CAD $500 million base shelf prospectus to enhance its capital markets flexibility. This financial instrument provides the company with additional strategic options as it advances its balance-sheet and treasury management approach. The combined financial maneuvers represent a comprehensive strategy to optimize the company's capital structure while maintaining focus on bitcoin accumulation.
The company's international expansion continues through its agreement to acquire up to a 24% interest in HODL Systems, an India-based digital asset treasury company. This potential investment would provide Matador with minority ownership exposure in a market experiencing increasing digital asset activity, broadening the company's global footprint within the bitcoin ecosystem.
Matador maintains its Bitcoin-first corporate approach and continues evaluating product initiatives intended to support activity on the Bitcoin network. The company's strategic focus combines bitcoin accumulation with bitcoin-native product development and participation in digital asset infrastructure. This multi-faceted approach aims to drive long-term shareholder value while maintaining capital efficiency across operations.
The substantial increase in bitcoin holdings positions Matador among a growing number of public companies incorporating digital assets into corporate treasury strategies. This movement reflects broader institutional acceptance of bitcoin as a legitimate store of value and treasury asset class. For more information about the company's bitcoin strategy and corporate developments, visit https://www.matador.network/.
