Canadian Bitcoin firm Matador eyes 6K Bitcoin treasury by 2027
2025-07-17 05:40:52
Main Idea
Canadian Bitcoin firm Matador aims to accumulate 6,000 BTC by 2027, targeting 1% of Bitcoin's total supply, and has secured regulatory approval to transition into a hybrid technology/investment issuer to support its Bitcoin treasury strategy.
Key Points
1. Matador currently holds 77.4 BTC (~$9 million) and plans to reach 6,000 BTC by 2027, aiming to become a top 20 corporate Bitcoin holder globally.
2. The firm filed a $900 million CAD ($656 million) shelf prospectus to fund its Bitcoin accumulation strategy over 25 months using various methods.
3. Matador received approval from the Canadian TSX Venture Exchange to transition into a hybrid 'technology/investment issuer,' enabling its Bitcoin treasury plans.
4. The firm employs a 'compounding flywheel' strategy, focusing on accumulating Bitcoin while building real-world applications denominated in BTC to reduce inflationary risk.
5. Public and private companies collectively hold ~1.15 million BTC (6% of supply), valued at $136 billion, per BitcoinTreasuries.NET.
6. Despite its ambitious plans, Matador's stock fell 4.65% on the announcement day but is up 37% year-to-date.
Description
The Canadian Bitcoin firm wants to hold 1% of the total supply of BTC over the next few years.
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