Matador aims to develop a comprehensive treasury strategy for Bitcoin, focusing on acquiring up to 6,000 BTC, establishing itself as a major player in corporate Bitcoin holdings.
The firm filed a CAD 900 million ($656 million) shelf prospectus for financing flexibility, planning to utilize various funding methods including equity offers, asset divestitures, and Bitcoin-backed credit facilities.
Despite the aggressive acquisition strategy, Matador Technologies’ stock dropped 4.65% following the announcement, marking a cautious investor sentiment amidst ambitious growth plans.
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