Canadian Bitcoin company Matador Technologies Inc. has received final approval from the Ontario Securities Commission for a $58.4M CAD ($45.8M USD) short-form base shelf prospectus. This enables flexible capital raises over the next 25 months, strengthening Matadorās ability to increase its BTC holdings aggressively.
Capital & Treasury Strategy:
The prospectus allows distribution of common shares, warrants, and other units totaling up to $58.4M CAD.
Complements the $100M USD secured convertible note with ATW Partners, giving Matador access to $158M USD+ potential liquidity.
Current BTC holdings stand at 175 BTC, a 767% increase since December 2024.
Target: 1,000 BTC by the end of 2026, aiming to maximize Bitcoin per share (BPS) for shareholders.
Official Statements:
Deven Soni, CEO:
"This prospectus is a critical step in maturing our capital structure. It allows us speed and flexibility to access capital when market conditions are favorable. Our focus remains on increasing Bitcoin per share."
Mark Moss, Chief Visionary Officer:
"Bitcoin is volatile; navigating cycles requires a long-term view and measured capital deployment. This prospectus positions Matador to act decisively and accumulate scarce assets for shareholders."
BTC Price Update & Technical Overview:
BTC/USD: $87,634 (Dec 23, 2025)
Support: $87,000ā$87,500
Resistance: $89,200ā$90,500
Daily & 4-hour chart: Bitcoin is range-bound, forming lower highs and higher lows. The $86,000ā$90,000 corridor remains crucial.
Oscillators: RSI 43 (neutral), Stochastic 38 (bearish), CCI -64 (slightly bearish), ADX 23 (weak trend), MACD slight buy signal.
Moving averages: 10ā200 EMA leaning bearish; 10 SMA slightly bullish.
Short-term: Signs of recovery attempt forming higher lows.
Long-term: Cautious optimism; breakout above $90,500 needed for upward momentum.
Bullish Take:
BTC defending $87,000 support, hinting at potential bottom formation.
Clearing $90,500 could push BTC toward $92,000.
Bearish Take:
Momentum weak; BTC printing lower highs and trading below major EMAs.
Breach of $86,500 could accelerate downside risk.
Conclusion:
Matador strengthens its institutional BTC strategy with this new prospectus, signaling confidence in Bitcoin as a treasury asset. BTC price remains in a consolidation phase, waiting for a decisive breakout or breakdown.
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