Canadian firm Matador Technologies to raise $58.2M for BTC purchases

Matador Technologies, a company listed on Canada's Toronto Venture Exchange, has announced its approval of a plan to raise 80 million Canadian dollars ($58.2 million) through a new share issuance. The proceeds will be allocated to additional Bitcoin purchases and general operating expenses. Matador currently holds 175 BTC and plans to increase its holdings to 1,000 BTC by the end of 2026.