Matador Technologies acquires five bitcoin for $802,020

Executive Summary

• Matador Technologies Inc. acquired an additional 5 Bitcoin for CAD$802,020 (USD$583,093), bringing its total Bitcoin and Bitcoin equivalent holdings to approximately 77.4 BTC.
• The acquisition aligns with the company's long-term treasury strategy to integrate Bitcoin as a core reserve asset, with stated targets of holding 1,000 BTC by 2026 and 6,000 BTC by 2027.
• The company is actively pursuing capital raising mechanisms, including a CAD$900-million base shelf prospectus and a USD$100-million secured convertible note facility with ATW Partners, to accelerate future Bitcoin acquisitions.

Key Details

• Acquisition Volume: 5 Bitcoin.
• Total Cost: CAD$802,020 (approximately USD$583,093).
• Average Purchase Price: USD$116,619 per Bitcoin (inclusive of fees and expenses).
• Purchase Counterparty: Netcoins (owned by BIGG Digital Assets Inc.).
• Funding Source: Existing cash on hand.
• Current Holdings: Approximately 77.4 Bitcoin (including Bitcoin equivalents).
• Strategic Targets:
  • Hold 1% of Bitcoin's fixed 21-million-coin supply.
  • Accumulate 1,000 BTC by 2026.
  • Accumulate 6,000 BTC by 2027.
• Capital Raising Activities:
  • Filed a CAD$900-million base shelf prospectus (subject to approval).
  • In the process of closing a USD$100-million secured convertible note facility with ATW Partners (subject to approval).
• Related Corporate Activity: Matador recently invested in HODL Systems, securing up to a 24% ownership stake, subject to TSX Venture Exchange approval.

Notable Quotes

• "This purchase was funded with existing cash on hand, while our shelf prospectus and note facility, subject to approval, remain available for additional bitcoin acquisitions as conditions warrant. We continue to work toward our disclosed targets of 1,000 BTC by 2026 and 6,000 BTC by 2027." — Deven Soni, Chief Executive Officer
• "This acquisition reflects the company's intention to increase its bitcoin per share as part of its reserve asset strategy. The company intends to continue increasing its bitcoin position to align itself with the global shift to sound money assets." — Mark Moss, Chief Visionary Officer