Matador Technologies, a Bitcoin custodian in Canada, is planning to raise up to 58 million USD (80 million CAD) to aggressively expand its Bitcoin holdings, aiming to increase from 175 BTC to 1,000 BTC by the end of 2026. The company has received approval from the Ontario Securities Commission to issue various types of securities, including common shares, warrants, and debt instruments, within the next 25 months.
CEO Deven Soni stated that the approval of the base prospectus is an important step in refining Matador's capital structure, with the focus on using capital to increase the amount of Bitcoin per share over time. However, capital allocation may still be flexible depending on market conditions and legal requirements.
Since implementing the “Bitcoin-first” strategy in December 2024, Matador has increased its Bitcoin holdings in the treasury by approximately 767%. The company views Bitcoin as a long-term reserve asset amid concerns about inflation and currency devaluation, while aiming to hold 6,000 BTC by 2027.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ran Neuner Questions Bitcoin’s Identity, Crypto Narrative Shifts
Bitcoin’s purpose and value proposition are once again under the microscope as veteran crypto commentator Ran Neuner weighs the asset’s enduring narrative. In a recent Cointelegraph interview, Neuner candidly questions Bitcoin’s core identity, admitting he struggles to articulate a clear reason
CryptoBreaking10m ago
Bitcoin ETF Assets Fall to $84.8B as Institutional Outflows Weigh on Crypto Funds
_Institutional outflows and macro uncertainty drove ETF declines, with Bitcoin holding a stronger positioning than Ethereum._
Bitcoin spot exchange-traded funds reversed a recent upswing as investors pulled $296 million in net outflows for the week ending March 27, according to SoSoValue data.
LiveBTCNews25m ago
Senators Reveal 'Mined in America' Bill to Boost Bitcoin Mining, Support Trump's Reserve
In brief
U.S. Sens. Bill Cassidy (R-LA) and Cynthia Lummis (R-WY) introduced legislation on Monday to support Bitcoin miners.
The U.S. Commerce Department would be able to certify that entities are “Mined in America,” giving them access to government support.
The initiative is aimed at
Decrypt30m ago
Base58 Labs’ BASIS 2026 Blueprint Forges a New Standard for BTC, ETH, SOL & PAXG
[PRESS RELEASE – London, UK, March 17th, 2026]
New roadmap positions BASIS as an institutional-grade digital asset management platform built for macro volatility, tokenized safe-haven demand, and frictionless Web3 onboarding.
Base58 Labs today unveiled the BASIS 2026 Technical Blueprint &
CryptoPotato37m ago
