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