Matador Technologies Inc. has entered a secured convertible note facility agreement with ATW Partners worth $100 million to bolster its Bitcoin treasury strategy. The initial funding of $10.5 million will support the purchase of Bitcoin, while $89.5 million awaits regulatory approval. The company aims to acquire up to 1,000 BTC by 2026, grow its holdings to 6,000 BTC by 2027, and hold 1% of total Bitcoin supply. The financing includes an 8% annual interest rate and is backed by Bitcoin collateral.
"This financing represents meaningful progress toward our long term Bitcoin accumulation goals," commented the CEO of Matador Technologies Deven Soni. "It provides the Company with capital to increase our Bitcoin holdings in a way that minimizes immediate dilution and aligns with our broader capital strategy."
"Bitcoin remains central to our business model and balance sheet approach," added the Chief Visionary Officer of Matador Technologies Mark Moss. "This structure supports our objective of growing Bitcoin per share and reflects continued institutional interest in our strategy."
#bitcoin-treasury-strategy #convertible-note-facility #matador-technologies #cryptocurrency-investment #financial-strategy
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