Matador Technologies, the Bitcoin Solutions Company listed in the balance sheet, said that it planned to buy up to 6,000 bitcoin by 2027, in a significant acceleration of its Bitcoin purchasing strategy.
On Wednesday, the Canadian Blockchain and Bitcoin Technology Company announced on Wednesday that it had a temporary objective of buying 1,000 bitcoin (BTC) at most 2026 and plans to develop a Bitcoin cash strategy to accumulate 6,000 BTC by 2027.
The company currently contains 77.4 BTC, worth around $ 9 million at current market prices. Its long -term objective is to have 1% of the total supply and to become a corporate bitcoin holder among the first on a global scale.
“Our company is structured around Bitcoin as a basic asset,” said Deven Soni, CEO of Matador Technologies.
He added that the new approach extends beyond the cash management to include the “components of infrastructure and operational” aligned on the Bitcoin ecosystem.
Bitcoin treasure financing for two years
On July 14, Matador filed a pilot of $ 900 million Canadian ($ 656 million) to provide flexibility of funding over 25 months.
They plan to use various financing methods, including market equity offers, convertible funding, diversion of assets, credit facilities supported by Bitcoin and acquisitions or strategic partnerships.
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The company received the final approval of the Canadian TSX Venture exchange for a change of business in a “technology / investment transmitter” in early July, paving the way for its Bitcoin cash strategy.
Compound steering wheel strategy
The company has a “flight steering wheel” strategy supported by Bitcoin which revolves around four components.
These strategically accumulate Bitcoin while maximizing Bitcoin by action, generating treasury yields thanks to “volatility capture and synthetic exploitation”, creating real world applications to create income labeled by Bitcoin, and by supporting the ecosystem thanks to partnerships with cryptographic infrastructures and DEFI projects.
“Our future plans to accumulate Bitcoin are designed to establish long -term stability in our assessment while reducing exposure to inflationary risk,” said Mark Moss, visionary director of the company.
However, Madador’s actions did not show the typical upward reaction and dropped 4.65% on Wednesday, according to Google Finance. The actions of the company have increased by almost 37% since the start of the year.
Bitcoin vouchers hold 6% of the offer
This year, participants hope to imitate the success of Michael Saylor’s strategy, the biggest corporate BTC holder in the world with $ 71 billion in the asset.
Public and private companies hold approximately 1.15 million BTC cumulatively, according to BitcoinTareries.net. This reserve is currently worth $ 136 billion and represents almost 6% of the total traffic supply.
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