Matador granted permission to sell $58.4 million worth of stock to increase his Bitcoin holdings.
Matador announced that it has received approval to issue CAD 80 million (approximately USD 58.4 million) worth of stocks, warrants, debt securities, or units within 25 months. Matador CEO Deven Soni stated that the company aims to increase its Bitcoin holdings to 1,000 by the end of 2026. Currently, Matador holds 175 Bitcoins, valued at USD 15.3 million. The company plans to achieve its 1,000 Bitcoin holding target in 2026 and further increase it to 6,000 by the end of 2027, with a long-term goal of holding 1% of the total Bitcoin supply, or approximately 210,000 Bitcoins.
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