According to CEO Deven Soni, Matador gained approval to issue C$80 million over 25 months and plans to expand Bitcoin holdings from 175 BTC to 1,000 by 2026 and 6,000 by 2027.
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.
Matador received approval to issue C$80 million in securities over 25 months. CEO Deven Soni said the firm plans to grow Bitcoin holdings from 175 BTC to 1,000 BTC by end-2026 and 6,000 BTC by end-2027, targeting 1% of total supply long term. Previously, the company outlined a $58 million raise and allocated $10.5 million from revised $100 million convertible debt terms toward Bitcoin purchases.