Matador signs equity distribution agreement to raise $30 million to increase Bitcoin holdings

Odaily Planet Daily reports that Bitcoin treasury company Matador Technologies has announced that it has signed an equity allocation agreement with ATB Cormark Capital Markets, planning to raise $30 million through the issuance of common shares. The funds aim to support its strategic Bitcoin accumulation, with a goal of holding 1,000 Bitcoins by the end of 2026. It is understood that the relevant common shares will be sold to the public by the company from time to time through agents, at the company’s discretion, at the market price at the time of sale. All transactions will comply with the terms and conditions of the equity allocation agreement. (Accessnewswire)