Matador Technologies Inc. Secures USD $100 Million Financing Facility to Accelerate Bitcoin Treasury Growth
Key Highlights
Strategic Capitalization: Matador has executed a Purchase Agreement for a USD $100 million secured convertible note facility (the "Facility") with ATW Partners, featuring an initial USD $10.5 million tranche.
Exclusive Use of Proceeds: Proceeds are earmarked for purchasing Bitcoin as part of Matador's treasury allocation strategy, with the intention of increasing long-term Bitcoin-per-share (BPS).
Institutional Partnership: ATW Partners—an institutional investor known for structuring growth-stage financings—brings both capital and strategic depth to Matador's Bitcoin ecosystem vision.Flexible, Equity-Aligned Structure: The secured convertible notes provide minimally dilutive, price-adaptive funding that converts at market-aligned prices.
Accelerates Treasury Plan: Supports Matador's roadmap to acquire up to 1,000 BTC on or before 2026 and 6,000 BTC on or before 2027, targeting a top 20 global corporate holder position.
TORONTO, July 23, 2025 (GLOBE NEWSWIRE) -- Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3)) ("Matador" or the "Company"), the Bitcoin Ecosystem Company, announces that it has entered into an arm's-length agreement for a secured convertible note facility (the "Facility") with ATW Partners (the "Investor"), signed on July 22, 2025 (the "Purchase Agreement"), pursuant to which the Company may issue convertible notes ("Notes") in the aggregate principal amount of up to USD $100 million.
The Facility provides a structured funding mechanism designed to support the Company's stated objective of increasing its Bitcoin holdings. USD $10.5 million will be funded at the Initial Closing, while USD $89.5 million of additional capacity remains available subject to customary conditions, including execution of a registration-rights agreement and receipt of all required regulatory approvals. The Facility marks a significant financing step in the execution of the Company's treasury strategy. The Facility will be used exclusively to purchase Bitcoin for Matador's balance sheet, reinforcing its strategy to become a top 20 corporate holder globally.
Deven Soni, CEO of Matador Technologies, commented:
"This financing represents meaningful progress toward our long-term Bitcoin accumulation goals. It provides the Company with capital to increase our Bitcoin holdings in a way that minimizes immediate dilution and aligns with our broader capital strategy."
Mark Moss, Chief Visionary Officer of Matador Technologies, added:
"Bitcoin remains central to our business model and balance sheet approach. This structure supports our objective of growing ...