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Matador Technologies Launches C$3 Million Private Placement to Boost Bitcoin and Gold Investments
ChainPlay
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5 months ago
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Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF), a Canadian technology and investment company with a strong focus on Bitcoin, has announced a non-brokered private placement aiming to raise up to C$3 million. The offering consists of up to 5,454,546 units priced at $0.55 each, with each unit including one common share and half a share purchase warrant. A full warrant enables the holder to acquire an additional share at $0.75 within 12 months of issuance.
Proceeds from the private placement will be allocated evenly across three strategic areas: acquiring more Bitcoin to reinforce Matador’s treasury position, expanding gold acquisition initiatives and the Grammies business, and supporting general corporate purposes such as operations and exploring new business opportunities.
The warrants feature an acceleration clause: if Matador’s shares trade at or above $1.05 for five consecutive days on the TSX Venture Exchange, and after four months and one day from closing, the company can accelerate the expiry date of the warrants by issuing a press release. All securities issued will be subject to a statutory hold period of four months and one day, in compliance with Canadian securities regulations.
This offering is available to accredited investors in Canada and other eligible jurisdictions, subject to TSXV approval. The initiative is part of Matador’s broader strategy to strengthen its presence in both digital and traditional markets, leveraging Bitcoin as a core treasury asset while also investing in gold and innovative business ventures.
Matador Technologies has recently rebranded to emphasize its Bitcoin-centric identity, reflecting its commitment to holding Bitcoin, launching Bitcoin-native products, and reinvesting profits to further accumulate BTC. The company’s flagship Digital Gold Platform enables users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals, bridging traditional value with decentralized technology.
In December 2024, Matador’s board approved the company’s first $4.5 million Bitcoin purchase, underscoring its long-term confidence in digital assets. The firm continues to position itself at the intersection of technology, gold, and Bitcoin, aiming to deliver sustainable growth and innovation in the evolving digital asset landscape.
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