Publicly traded bitcoin solutions firm Matador Technologies says it is planning to buy up to 6,000 bitcoins by 2027 in a significant acceleration of the strategy of buying its bitcoin strategy.
Canadian blockchain and bitcoin technology firm Announced It is an interim objective of purchasing 1,000 bitcoins (BTCs) on or before 2026 on Wednesday and plans to develop a bitcoin treasury strategy to deposit 6,000 BTCs by 2027.
Currently the firm has 77.4 BTC, priced at about $ 9 million at current market prices. Its long -term target is 1% of the total supply and to become the top 20 corporate bitcoin holders globally.
“Our business has been structured around bitcoin as a main property,” said Deven Soni, CEO of Matador Technologies.
He said that the new approach is spread beyond Treasury management to include the “infrastructure and operational components” alliances with bitcoin ecosystems.
Bitcoin Treasury Funding for two years
On July 14, Matador Filed $ 900 million Canadian dollars ($ 656 million) shelf prospectus to provide financing flexibility in 25 months.
They plan to use various funding methods, including AT-the-Market Equity Prasad, Convertible Financing, Asset Developers, Bitcoin-supported credit features and strategic acquisitions or participation.
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Business – Union get The final approval from Canadian TSX venture exchange for business changes for a hybrid “technology/investment issuer” in early July clears the way for its bitcoin treasury strategy.
Compounding flywheel strategy
The firm has a bitcoin-supported “compounding flywheel” strategy that revolves around four components.
They are strategically accumulating bitcoin by maximizing bitcoins, creating treasury yields through “volatility capture and synthetic mining”, forming real-world applications to create bitcoin-denominated revenue, and support the ecosystem through Crypto Infrastructure and DEFI projects. Are.
Mark Moss, the chief visionary officer of the firm, said, “Our future plans to deposit bitcoins are designed to establish long -term stability on our balance sheet, reducing the exposure to the risk of inflation.”
However, Maddor Stock did not show specific rapid response and fell 4.65% on Wednesday, According For Google Finance. The firm’s shares are about 37% above from the beginning of the year.
Bitcoin Trazaries Having 6% Supplies
This year, there is a bounce in bitcoin treasury companies as the participants are expected to follow the success of Michael Syroor’s strategy, the world’s largest corporate BTC holder is with assets worth $ 71 billion.
Public and private companies cumulate about 1.15 million BTCs, According For bitcointreasuries.net. This Stash is currently $ 136 billion and represents about 6% of the total circulating supply.
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