Canadian Listed Company Matador "To Purchase 6,000 Bitcoins by 2027"

JOON HYOUNG LEE

Summary

Matador Technology announced that its board of directors approved a financial strategy to purchase 6,000 Bitcoins by 2027.
According to the strategy, they plan to first purchase 1,000 Bitcoins by 2026.
The company stated that it may consider at-the-market stock issuance and the sale of non-core assets to fund their Bitcoin purchase.

Canadian listed company Matador Technology has announced a large-scale plan to purchase Bitcoin (BTC).

On the 16th (local time), Matador Technology stated, "The board of directors recently approved a financial strategy to accumulate 6,000 Bitcoins by 2027." According to the newly approved financial strategy, Matador Technology will purchase 1,000 Bitcoins by 2026.

Matador Technology adopted a Bitcoin financial strategy at the end of last year. Currently, Matador Technology holds 77.4 Bitcoins.

Matador Technology aims to secure 1% of Bitcoin’s total supply. The company mentioned, "To purchase Bitcoin, we may utilize options such as at-the-market (ATM) stock issuance and the sale of non-core assets," adding, "Our long-term goal is to be among the world’s top 20 companies in Bitcoin holdings."

BTC