Matador has been approved to issue stocks and debt securities worth CAD 80 million (approximately USD 58.4 million) to fund Bitcoin acquisitions. The company currently holds 175 Bitcoins valued at $15.3 million and plans to increase its holdings to 1,000 Bitcoins by 2026 and 6,000 by 2027. Their long-term ambition is to acquire around 210,000 Bitcoins, representing 1% of the total supply.
Matador Receives Approval to Raise $58.4M for Aggressive Bitcoin Accumulation
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