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cryptonews 2025-12-23 07:39:08

Canadian Firm Matador Gets Ontario Regulator’s Nod to Raise $58M for More Bitcoin Buys

Canadian Bitcoin custodian Matador Technologies aims to raise $58 million (CAD80 million) to increase its Bitcoin reserves from 175 BTC to 1,000 BTC by the end of 2026. The firm said Monday that it received approval from the Ontario Securities Commission to sell up to $58 million “of common shares, warrants, subscription receipts, debt securities, or units” over the next 25 months. “Obtaining the receipt for our CAD $80 million base shelf prospectus is a critical step in maturing our capital structure,” said Deven Soni, CEO of Matador. Soni added that the funds raised will remain focused on “increasing Bitcoin per share over time” to accumulate 1,000 BTC by the end of 2026. “Matador may, from time to time, allocate available capital toward Bitcoin purchases or other corporate purposes, depending on market conditions, regulatory requirements, the Company’s financial position and other factors.” Matador Completes One Year in ‘Bitcoin-First Strategy’ The Toronto Stock Exchange-listed firm executed its ‘Bitcoin-first strategy’ in December 2024 by investing $4.5 million in BTC . The company executives said at the time that Bitcoin would be the “future-proof of our treasury.” Matador Technologies is among the 100 public companies building a Bitcoin treasury. The top 100 public companies hold a total of 1,058,929 BTC, according to Bitcoin Treasuries. We hold 175 BTC and are advancing toward 1,000 BTC by 2025, with a disciplined, long-term approach… pic.twitter.com/LFQnQCGrRM — Matador Technologies (@buymatador) December 19, 2025 Matador has since increased its BTC treasury by approximately 767% from December 10, 2024, to December 22, 2025, the announcement read. “Bitcoin is a volatile asset, and navigating its cycles requires a long-term view and the ability to deploy capital in measured steps,” said Mark Moss, Chief Visionary Officer at Matador. Last month, the company closed the convertible note facility , aiming to exclusively purchase Bitcoin for Matador’s balance sheet. Matador aims to increase its Bitcoin holdings to 6,000 BTC by 2027. Growing BTC Treasury Trend The latest move aligns with the growing trend of corporations adding Bitcoin into their treasuries as a hedge against inflation and currency debasement. Matador Board said previously that Canada’s national debt burden could impact the purchasing power of the Canadian Dollar. As a result, the firm is diversifying its treasury with Bitcoin and USD, which the Board says are more resilient stores of value. Elsewhere, Michael Saylor’s Strategy, the largest aggressive corporate Bitcoin holder, has paused its Bitcoin buys. The firm boosted its cash reserves by $747.8 million to $2.19 billion through sales of common stock. The post Canadian Firm Matador Gets Ontario Regulator’s Nod to Raise $58M for More Bitcoin Buys appeared first on Cryptonews .

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