According to PANews, Canadian publicly traded company Matador Technologies Inc. has announced a strategic plan to significantly increase its Bitcoin holdings. The company's board has approved a long-term Bitcoin acquisition strategy aimed at establishing Matador as a major corporate holder of the cryptocurrency.
Matador Technologies has filed a preliminary short-form base shelf prospectus to provide financial flexibility over the next 25 months. This move is part of the company's goal to accumulate up to 6,000 Bitcoins by 2027 or earlier. The strategy reflects Matador's commitment to expanding its Bitcoin reserves as part of its broader financial strategy.
