Bitcoin Reserve 'Matador Technologies' Plans to Raise $657 Million

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Summary

Matador Technologies announced plans to raise approximately $657.29 million as part of its Bitcoin financial strategy.
The company stated it would focus on securing funds for Bitcoin accumulation through the issuance of securities and other methods.
CEO Deven Soni said the company intends to increase the amount of Bitcoin held per share in the long term and continue building related infrastructure.

Matador Technologies, a company listed on the Toronto Venture Exchange (TSXV) in Canada that has adopted a Bitcoin (BTC) treasury strategy, announced plans to raise CAD 900 million (approximately $657.29 million).

According to GlobeNewswire on the 14th (local time), Matador Technologies revealed in a press release that "it plans to raise up to CAD 900 million through securities issuance and other means," and added, "This will allow us to efficiently secure funds for accumulating Bitcoin (BTC)."

Deven Soni, CEO of Matador, stated, "Our goal is to purchase Bitcoin and to increase the amount of Bitcoin held per share in the long term," adding, "We will continue to build Bitcoin-related infrastructure."

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