Canadian-listed Matador Technologies Plans to Raise CAD 900 Million to Further Increase Bitcoin Holdings
According to ChainCatcher, citing Globenewswire, Bitcoin ecosystem company Matador Technologies has submitted a prospectus to securities regulators in all Canadian provinces except Quebec, with plans to offer various securities—including common shares, debt securities, warrants, and subscription receipts—in phases over the next 25 months, aiming to raise up to CAD 900 million. The funds raised will be used to drive future growth, make strategic acquisitions of Bitcoin assets, and expand its Bitcoin treasury reserves.
Previous reports indicated that Matador Technologies holds a total of 77 Bitcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Aptos plans to launch a post-quantum signature scheme
Han Mu Xia: Japan's Interest Rate Hike Fully Priced In, Bitcoin $112,500 Seen as Strong Resistance
State Street: Bank of Japan's dovish rate hike, Kazuo Ueda may take a neutral stance
Bitcoin has recorded drops of over 20% following each of the previous three rate hikes by the Bank of Japan.
Trending news
MoreCrypto prices
More
