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FAQ: Matador Technologies' $100M Bitcoin Treasury Expansion and Convertible Note Facility
TL;DR
Matador Technologies secured a $100 million facility to acquire Bitcoin at strategic prices, positioning the company for potential gains as Bitcoin becomes its core reserve asset.
Matador Technologies executed its first $9.5 million drawdown from a $100 million secured convertible note facility to purchase 92 Bitcoin through Netcoins and FalconX with BitGo custody.
Matador's Bitcoin-first strategy and infrastructure development supports the growing digital asset ecosystem while creating long-term value for shareholders and the broader cryptocurrency community.
Matador Technologies more than doubled its Bitcoin holdings to 175 coins, paying an average of $102,752 per Bitcoin while expanding into India's digital asset market.
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Matador Technologies closed a $100 million secured convertible note facility and completed its first drawdown to acquire 92 bitcoin, more than doubling its bitcoin holdings to approximately 175 bitcoin.
This marks a major financing milestone that strengthens the company's long-term treasury framework and underscores its commitment to Bitcoin as a core reserve asset while enhancing capital-markets flexibility.
The company acquired 92 bitcoin for CAD $13.2 million (USD $9.5 million) at an average price of USD $102,752 per bitcoin.
The $100 million secured convertible note facility was arranged with ATW Partners, and Matador completed its first drawdown from this facility to fund the bitcoin purchase.
The purchase was executed through Netcoins and FalconX, with custody provided by BitGo Trust Company.
Matador is a Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network, combining strategic Bitcoin accumulation with Bitcoin-native product development.
The company filed an amended CAD $500 million base shelf prospectus to enhance capital-markets flexibility and has an agreement to acquire up to a 24% interest in HODL Systems, an India-based digital asset treasury company.
For more information about the company, please visit https://www.matador.network/ or view the full press release at https://ibn.fm/1apL7.
Matador Technologies trades under TSXV: MATA, OTCQB: MATAF, and FSE: IU3.
Yes, the facility is dedicated exclusively to Bitcoin accumulation, pending final TSXV approval.
Curated from InvestorBrandNetwork (IBN)
