Canadian Bitcoin firm Matador eyes 6K Bitcoin treasury by 2027

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.