Canadian Bitcoin Custodian Matador Approved to Raise Up to $58 Million

The evidence strongly and consistently supports the statement. Multiple sources with varying but generally credible authority ratings confirm each key element. The company is identified as Matador Technologies, a Canadian entity. The approval for a capital raise is explicitly mentioned across numerous sources, with several identifying the specific regulator as the Ontario Securities Commission. The amount is consistently cited as CAD $80 million, which is noted to be approximately $58 million USD. The purpose of the fundraising—to support a Bitcoin accumulation strategy and expand its corporate treasury—is also corroborated throughout the provided information. While a few sources were irrelevant to the topic, they do not contradict the overwhelming and consistent evidence from the majority of the sources. The high degree of corroboration across independent news outlets and financial information sites provides a strong basis for concluding the statement is true.