Matador Technologies Sets Goal to Acquire 6,000 Bitcoin, Targeting Top 20 Position by 2027

Canadian firm, Matador Technologies, has outlined a strategy to acquire 6,000 Bitcoin (BTC) by 2027, and 1,000 BTC by 2026, aiming to secure 1% of Bitcoin’s total supply. This would position Matador among the top 20 corporate Bitcoin holders globally. Currently, the company possesses 77.4 BTC, worth approximately $9 million. To finance this expansion, Matador filed a CA$900 million shelf prospectus, allowing them to raise funds through various avenues across the next 25 months.

The firm's "compounding flywheel" strategy includes enhancing its Bitcoin holdings, increasing BTC-per-share value, leveraging market volatility, and developing Bitcoin-based revenue streams. This comes amid the increasing trend of corporate Bitcoin ownership, with companies currently holding around 6% of the total supply.