Matador is authorized to sell $58.4 million in stock to increase its Bitcoin holdings
Matador announced that it has been approved to issue up to CAD 80 million (approximately USD 58.4 million) in stock, warrants, debt securities, or units over a 25-month period.Matador CEO Deven Soni stated that the company's goal is to increase its Bitcoin holdings to 1,000 coins by the end of 2026. Currently, Matador holds 175 Bitcoins, valued at USD 15.3 million. The company plans to further increase its holdings to 6,000 Bitcoins by the end of 2027 after reaching the 1,000 Bitcoin target in 2026, with a long-term goal of holding 1% of the total Bitcoin supply, which is approximately 210,000 coins.