Matador Technologies to Buy Up to 6,000 Bitcoin by 2027
Matador Technologies, a publicly traded Bitcoin solutions firm, announced Wednesday plans to significantly accelerate its Bitcoin accumulation, targeting the purchase of up to 6,000 BTC by 2027. The company already holds 77.4 BTC, valued at approximately $9 million.
Accelerated Targets
CEO Deven Soni stated the company has an interim goal of acquiring 1,000 BTC by the end of 2026. Matador aims to adopt a “Bitcoin treasury strategy” to reach its longer-term objective of holding 6,000 BTC, stating this would represent roughly 1% of the total Bitcoin supply, positioning the firm among the top 20 corporate holders.
Strategic Funding
The company is seeking funding flexibility via a recently filed $900 million Canadian dollar (equivalent to $656 million USD) “shelf prospectus,” planned for use over 25 months. Potential funding sources include equity offerings, convertible financings, asset sales, and Bitcoin-backed credit facilities.
Matador received approval in early July from the Canadian TSX Venture Exchange to reclassify its business model as a hybrid “technology/investment issuer,” paving the way for its treasury strategy.
(‘Compounding Flywheel’) Strategy
Matador outlines its accumulation plan around a “compounding flywheel” strategy focused on four pillars: strategic Bitcoin accumulation, optimizing value per share, generating yields via “volatility capture and synthetic mining,” building applications for Bitcoin-denominated revenue, and supporting the ecosystem through partnerships.
Chief Visionary Officer Mark Moss commented, “Our future plans to accumulate Bitcoin are designed to establish long-term stability on our balance sheet while reducing exposure to inflationary risk.”
Market Context
The company stock experienced a 4.65% decline following the announcement, though its shares have risen nearly 37% year-to-date.
Matador Technologies joins a growing trend of corporations establishing Bitcoin treasuries. Public and private entities collectively hold approximately 1.15 million BTC, valued at around $136 billion and representing nearly 6% of the circulating supply, according to data from BitcoinTreasuries.NET.
