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Matador Wins OSC Approval for C$80 Million Shelf to Fuel Bitcoin Treasury Plan

The filing expands Matador’s financing options alongside a closed $100 million note, providing flexibility to pursue its 1,000 BTC target.

Canadian Bitcoin custodian Matador approved to raise up to $58M to expand Bitcoin treasury

Overview

  • The OSC-cleared base shelf qualifies up to C$80 million of common shares, warrants, subscription receipts, debt securities, or units over a 25‑month period.
  • Matador currently holds about 175 BTC and maintains a public goal of reaching 1,000 BTC in treasury by the end of 2026.
  • The shelf prospectus complements a recently closed $100 million secured convertible note with ATW Partners to support potential asset purchases.
  • Management cautions that any securities offerings or Bitcoin acquisitions will depend on market, regulatory, and financial conditions, with no assurance on amounts or timing.
  • The company reports a roughly 767% increase in Bitcoin holdings since Dec. 10, 2024, and coverage values the shelf capacity at about $58 million USD.