Matador Technologies plans to raise an additional $75 million to increase its Bitcoin holdings

The Canadian-listed Bitcoin treasury company Matador Technologies announced that it has revised its previous $100 million convertible note financing agreement, which disclosed that it has signed a registration rights agreement with investors to raise a total of $75 million through the issuance of additional notes. The related funds will be used to purchase Bitcoin for Matador's balance sheet. However, Matador Technologies has removed the previously announced plan to "hold 6,000 Bitcoins by 2027" in its latest disclosure.