Canadian Firm Matador Gets Ontario Regulator’s Nod to Raise $58M for More Bitcoin Buys
Canadian Bitcoin custodian Matador Technologies goals to increase $58 million (CAD80 million) to enhance its Bitcoin reserves from 175 BTC to 1,000 BTC by the tip of 2026.
The agency mentioned Monday that it received approval from the Ontario Securities Commission to promote up to $58 million “of widespread shares, warrants, subscription receipts, debt securities, or models” over the subsequent 25 months.
“Obtaining the receipt for our CAD $80 million base shelf prospectus is a important step in maturing our capital construction,” mentioned Deven Soni, CEO of Matador.
Soni added that the funds raised will stay centered on “growing Bitcoin per share over time” to accumulate 1,000 BTC by the tip of 2026.
“Matador could, from time to time, allocate out there capital towards Bitcoin purchases or different company functions, relying on market circumstances, regulatory necessities, the Company’s monetary place and different components.”
Matador Completes One Year in ‘Bitcoin-First Strategy’
The Toronto Stock Exchange-listed agency executed its ‘Bitcoin-first technique’ in December 2024 by investing $4.5 million in BTC. The firm executives mentioned on the time that Bitcoin can be the “future-proof of our treasury.”
Matador has since elevated its BTC treasury by roughly 767% from December 10, 2024, to December 22, 2025, the announcement learn.
“Bitcoin is a unstable asset, and navigating its cycles requires a long-term view and the flexibility to deploy capital in measured steps,” mentioned Mark Moss, Chief Visionary Officer at Matador.
Last month, the corporate closed the convertible note facility, aiming to completely buy Bitcoin for Matador’s stability sheet.
Matador goals to enhance its Bitcoin holdings to 6,000 BTC by 2027.
Growing BTC Treasury Trend
The newest transfer aligns with the rising pattern of firms including Bitcoin into their treasuries as a hedge in opposition to inflation and foreign money debasement.
Matador Board mentioned beforehand that Canada’s nationwide debt burden might impression the buying energy of the Canadian Dollar. As a consequence, the agency is diversifying its treasury with Bitcoin and USD, which the Board says are extra resilient shops of worth.
Elsewhere, Michael Saylor’s Strategy, the biggest aggressive company Bitcoin holder, has paused its Bitcoin buys. The agency boosted its cash reserves by $747.8 million to $2.19 billion by gross sales of widespread inventory.
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