Canadian public company Matador Technologies has announced plans to raise $58 million to buy more Bitcoin. The move supports the firm’s goal of holding 1,000 BTC in its treasury by the end of 2026. The update was first reported by Bitcoin treasury trackers on December 23. The planned raise follows a separate regulatory approval that gives Matador broader access to capital markets. Together, these steps underline the company’s continued focus on Bitcoin as a core treasury asset.
Shelf Prospectus Expands Funding Capacity
Earlier this week, Matador confirmed it received approval for a CAD $80 million base shelf prospectus from the Ontario Securities Commission. The prospectus allows the company to issue common shares, debt securities, warrants or units over a 25 month period. This structure gives Matador flexibility. It can access capital when market conditions are favorable rather than raising funds all at once.
JUST IN: Canadian public company Matador Technologies $MATA just announced plans to raise $58 million to buy more #Bitcoin, aiming for 1,000 BTC by the end of 2026. pic.twitter.com/KrbFTZBOGH
— BitcoinTreasuries.NET (@BTCtreasuries) December 23, 2025
The company said the proceeds may be used for Bitcoin purchases or general corporate purposes. This depending on timing and conditions. The shelf prospectus does not guarantee immediate issuance. Instead, it creates optionality for future fundraising tied to treasury expansion.
Bitcoin Holdings and 2026 Target
Matador currently holds around 175 bitcoin, including equivalents. According to company disclosures, this represents a significant increase from late 2024 levels. The firm stated its holdings rose by more than 700% over the past year. The long-term target remains unchanged. Management aims to grow the treasury to 1,000 BTC by the end of 2026. The newly announced $58 million raise would contribute toward that goal. Executives emphasized that Bitcoin purchases will depend on market conditions, liquidity and regulatory considerations. There is no commitment to deploy capital immediately after raising funds.
Financing Tools Support Bitcoin-First Strategy
The shelf prospectus approval follows Matador’s recently closed $100 million secured convertible note facility with ATW Partners. Combined, these tools provide multiple funding avenues for treasury growth. Company leadership described the strategy as focused on increasing Bitcoin per share over time rather than short-term price speculation. They also acknowledged Bitcoin’s volatility and said capital deployment would occur in measured steps. This approach mirrors a broader trend among publicly listed firms using equity and debt instruments to build crypto focused treasuries.
Market Context and Investor Considerations
Matador’s announcement comes as Bitcoin continues to attract corporate interest, even amid market volatility. However, the company noted there is no assurance regarding the amount or timing of future purchases. Investors are also reminded that capital raised under the shelf prospectus may be used for non-Bitcoin purposes. Final allocation decisions will depend on financial position and regulatory factors. Currently, the announcement signals intent rather than execution. The market will watch future filings and disclosures to track how and when Matador deploys new capital toward its Bitcoin accumulation plan.
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