Canadian listed company Matador Technologies has been approved for a financing plan of 80 million Canadian dollars, aiming to increase its BTC reserves to 1,000 by the end of 2026

According to Globe Newswire, Canadian public company Matador Technologies has received approval from the Ontario Securities Commission for an 80 million CAD infrastructure prospectus. This prospectus is valid for 25 months and will be used to support the company's Bitcoin accumulation strategy. Matador currently holds approximately 175 Bitcoins and plans to increase its reserves to 1,000 by the end of 2026.

The company's CEO, Deven Soni, stated that this move is a key step in enhancing the capital structure and will provide the company with the ability to access funds quickly and flexibly.