Matador Technologies plans to raise an additional $75 million to further increase its bitcoin holdings.
Jinse Finance reported that Matador Technologies, a Canada-listed Bitcoin treasury company, announced it has amended its previously announced $100 million convertible note financing agreement. The disclosure revealed that the company has signed a registration rights agreement with investors, allowing it to raise a total of $75 million through the issuance of additional notes. The related funds will be used to purchase Bitcoin for Matador's balance sheet. However, Matador Technologies has removed the previously announced plan to "hold 6,000 Bitcoins by 2027" from its latest information disclosure.
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