Key Takeaways:
Matador Technologies aims to hold 6,000 BTC by 2027, representing 1% of total supply.
The Canadian firm currently holds 77.4 BTC worth ~$9M.
A $656M funding plan supports a long-term Bitcoin-first treasury strategy.
Strategy includes synthetic mining, BTC-yield generation, and real-world Bitcoin apps.
Public BTC treasuries now hold ~6% of total supply, led by MicroStrategy.
Matador Technologies, a Canadian publicly traded Bitcoin and blockchain firm, announced an ambitious plan to accumulate up to 6,000 Bitcoin (BTC) by 2027, aiming to become one of the top 20 corporate BTC holders globally.
As of now, Matador holds 77.4 BTC, valued at approximately $9 million. Its short-term target is to acquire 1,000 BTC by 2026, with the broader goal of holding 1% of Bitcoin’s total supply over the next two years.
“We are building our business around Bitcoin as a core asset,” said Deven Soni, CEO of Matador. “This is not just about treasury—it’s about building infrastructure and operations for the Bitcoin economy.”
$656M War Chest to Fund BTC Accumulation
To fund its aggressive strategy, Matador filed a $900M CAD (~$656M USD) shelf prospectus, giving it financing flexibility for the next 25 months. The company plans to raise capital via equity offerings, convertible notes, BTC-backed credit, and strategic partnerships or acquisitions.
In early July, the TSX Venture Exchange approved Matador’s change of business classification to a “technology/investment issuer,” a move that cleared the path for its evolving Bitcoin-focused strategy.
Compounding Bitcoin Flywheel
Matador’s strategy is built around a “compounding flywheel” model, which includes:
Strategic BTC accumulation while maximizing BTC-per-share.
Treasury yield generation via volatility capture and synthetic mining.
Development of real-world Bitcoin-denominated applications.
Ecosystem support through infrastructure and DeFi partnerships.
“Our objective is to build long-term balance sheet resilience while minimizing exposure to inflationary risk,” said Mark Moss, Chief Visionary Officer at Matador.
BTC Treasuries on the Rise
Corporate Bitcoin holdings have surged in 2025, with public and private firms now holding over 1.15 million BTC, or ~6% of total supply, according to BitcoinTreasuries.NET. That total is worth ~$136 billion, with MicroStrategy remaining the largest holder at $71 billion.
Despite the announcement, Matador’s stock dipped 4.65% on Wednesday, though it remains up 37% year-to-date.
