Canadian firm Matador Technologies Inc. (TSXV: MATA) has announced its plans to acquire up to 6,000 Bitcoin by 2027, with an interim target of 1,000 BTC by 2026 . The company currently holds 77.4 BTC and aims to become a top 20 corporate holder globally, with the objective to hold 1% of Bitcoin's total supply .
The CEO of Matador Technologies, Deven Soni, stated that "Our business is structured around Bitcoin as a core asset" . This approach extends beyond treasury management to include infrastructure and operational components aligned with the Bitcoin ecosystem . Execution is subject to financing, market conditions and regulatory approval .
To fund this initiative, Matador has filed a CAD $900 million base shelf prospectus, allowing it to raise capital through equity, debt, or units, with pending regulatory approval . The entire fund will be used to purchase Bitcoin at an average price of CAD $151,659 per BTC, the company could acquire approximately 5,934 BTC . Combined with its current holdings of 77 BTC, this would total roughly 6,011 BTC, meeting its 2027 target .
The company is exploring a range of funding strategies, including at-the-market (ATM) equity offerings, BTC backed credit facilities, convertible or structured financings, divestiture of non-core assets, and strategic acquisitions or partnerships that aim to boost BPS .
Matador's Bitcoin strategy focuses on boosting Bitcoin per Share (BPS) through strategic accumulation, generating yield from BTC volatility, and launching Bitcoin-native financial products . It also supports the broader ecosystem through partnerships and global treasury investments, starting with its stake in HODL Systems (India) .
The Chief Visionary Officer of Matador Technologies, Mark Moss, commented that "Holding Bitcoin as a treasury asset allows us to align with a fixed-supply, globally accessible monetary network" . Our future plans to accumulate Bitcoin are designed to establish long-term stability on our balance sheet while reducing exposure to inflationary risk .