Matador Technologies has signed a $100 million convertible credit facility with ATW Partners to expand its Bitcoin holdings.
Of this, the first 10.5 million USD will be used to buy Bitcoin. The bond has an interest rate of 8% per year, reduced to 5% if the company is listed on NASDAQ or NYSE. Matador aims to hold 1,000 BTC by 2026 and 6,000 BTC by 2027, aiming to own 1% of the Bitcoin supply.
The convertible debt model helps raise capital without diluting equity, while protecting investors and allowing them to benefit when stock prices rise.
This credit line is secured by Bitcoin worth 150% of the initial loan, demonstrating Matador's long-term belief in Bitcoin.
In the context of Bitcoin ETF funds experiencing significant outflows, Matador and Strategy continue to maintain an accumulation strategy during the price correction.
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Matador secures a $100 million convertible loan to accumulate BTC.
Matador Technologies has signed a $100 million convertible credit facility with ATW Partners to expand its Bitcoin holdings.
Of this, the first 10.5 million USD will be used to buy Bitcoin. The bond has an interest rate of 8% per year, reduced to 5% if the company is listed on NASDAQ or NYSE. Matador aims to hold 1,000 BTC by 2026 and 6,000 BTC by 2027, aiming to own 1% of the Bitcoin supply.
The convertible debt model helps raise capital without diluting equity, while protecting investors and allowing them to benefit when stock prices rise.
This credit line is secured by Bitcoin worth 150% of the initial loan, demonstrating Matador's long-term belief in Bitcoin.
In the context of Bitcoin ETF funds experiencing significant outflows, Matador and Strategy continue to maintain an accumulation strategy during the price correction.