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Bitcoin treasury company Matador Technologies has been approved to raise 80 million CAD to increase its BTC holdings.
Golden Finance reports that the Canadian-listed Bitcoin treasury company Matador Technologies has announced that it has obtained approval from the Ontario Securities Commission for a stock subscription fundraising plan, expecting to raise CAD 80 million within 25 months through the issuance of common shares, warrants, subscription receipts, bonds, and more. The new funds will be used for general corporate purposes and to increase its Bitcoin holdings. Currently, the company holds 175 Bitcoins and plans to increase its total Bitcoin holdings to 1,000 by the end of 2026.