Business
Matador Acquires 8.4 Bitcoin for CAD$1.2M, Bringing Its Total Bitcoin (and Bitcoin Equivalent) Holdings to 77
TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- Matador Technologies Inc. (“ Matador ȁ...
About this update from Matador Technologies Inc.
[{"type":"text","content":"Matador Acquires 8.4 Bitcoin for CAD$1.2M, Bringing Its Total Bitcoin (and Bitcoin Equivalent) Holdings to 77\n\n\n\n TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- Matador Technologies Inc. (“\n \n Matador\n \n ” or the “\n \n Company\n \n ”) (TSXV: MATA, OTCQB: MATAF, FSE: IU3) announces that the Company has acquired an additional 8.4 bitcoin for CAD$1.2M (USD$878,763). The 8.4 bitcoin was acquired at an average price of USD$104,914 per bitcoin, inclusive of fees and expenses. The purchase was made following a recent market correction, in line with the Company’s Bitcoin acquisition policy, further reinforcing its conviction in Bitcoin as a long-term asset.\n \n\n This acquisition brings Matador’s Bitcoin holdings to approximately 77 bitcoin (and Bitcoin equivalents), reinforcing its stated objective to diversify its treasury with long-duration reserve assets. The Company continues to operate debt-free, with all Bitcoin (and Bitcoin equivalent) holdings free and clear.\n \n\n The Company also maintains cash reserves of approximately CAD$5.3 million and physical gold holdings of 2 kilograms (approximately CAD$323,000), reflecting prudent financial management aimed at sustaining long-term growth and stability.\n \n\n On June 20, 2025, Matador received conditional approval from the TSX Venture Exchange (“\n \n TSXV\n \n ”) regarding its proposed Change of Business (“\n \n COB\n \n ”) to a Tier 2 hybrid Investment/Technology Issuer. Assuming that the Company obtains TSXV final approval of the COB, this milestone would enable the Company to implement its treasury-first strategy, including the allocation of capital into Bitcoin and other reserve assets in accordance with its investment policy. The Change of Business remains subject to the satisfaction of various conditions including the receipt of applicable shareholder approval and the approval of the TSXV.\n \n\n Matador continues to integrate Bitcoin into its long-term strategy, reinforcing its role as a core treasury asset and the foundation for its Digital Gold Platform. Similar to other Bitcoin-native public companies, Matador views Bitcoin as a superior reserve asset and intends to grow its Bitcoin holdings over time.\n \n\n “This acquisition reflects the Company’s intention to increase its Bitcoin...