{"id":12783,"date":"2025-06-05T09:51:22","date_gmt":"2025-06-05T07:51:22","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=12783"},"modified":"2025-06-05T09:51:22","modified_gmt":"2025-06-05T07:51:22","slug":"matador-technologies-secures-c1-64m-for-bitcoin-reserve-expansion","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/05\/matador-technologies-secures-c1-64m-for-bitcoin-reserve-expansion\/","title":{"rendered":"Matador Technologies Secures C$1.64M for Bitcoin Reserve Expansion"},"content":{"rendered":"

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Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF), a tech firm centered on Bitcoin, declared<\/a> that it has finalized the second tranche of its non-mediated<\/a> private placement, securing C$1,644,300 through the issuance of 2,652,097 units priced at $0.62 each, with proceeds intended for augmenting their Bitcoin reserves.<\/p>\n

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\ud83d\udea8 Matador (TSXV: MATA | OTCQB: MATAF | FSE: IU3) finalizes $1.64M second tranche at $0.62\/unit
\ud83e\ude99 Each unit: 1 share + \u00bd warrant @ $0.77
Proceeds:
\u25aa\ufe0f Acquire more Bitcoin
\u25aa\ufe0f Extend gold & Grammies
\u25aa\ufe0f General corporate development<\/p>\n

\ud83d\udd17 https:\/\/t.co\/nUm0bFWtO0<\/a>#Bitcoin<\/a> #TreasuryStrategy<\/a>\u2026<\/p>\n

\u2014 Matador Technologies (@buymatador) June 4, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

\u201cEach Unit comprises one common share and half of a common share purchase warrant,\u201d expressed in the press release. \u201cEach Warrant permits the holder to obtain one extra common share of the Company at a cost of $0.77 for a duration of twelve months from the issuance date.\u201d<\/p>\n

The warrants are subject to rapid execution if Matador\u2019s shares trade at or above $1.15 for five consecutive trading days at any point after the date which is four months and one day following the closing date. <\/p>\n

The securities from the second tranche are under a restriction period lasting until October 5, 2025. As part of the arrangement, the company also disbursed finder\u2019s fees totaling $95,582 and issued 152,165 broker warrants under the same conditions.<\/p>\n

This follows the initial tranche of the offering, reported<\/a> on May 30, 2025, which featured a CAD$1.5 million infusion from Arrington Capital, a digital asset management enterprise co-founded by Michael Arrington. <\/p>\n

\u201cWe\u2019re excited to welcome Arrington Capital as a strategic partner,\u201d remarked the CEO of Matador Technologies Inc. Deven Soni. \u201cTheir strong belief in the Bitcoin<\/a> ecosystem and broad outlook on digital assets align seamlessly with Matador\u2019s vision. This funding boosts our capacity to progress in developing Bitcoin-native financial tools and scaling our platform internationally.\u201d<\/p>\n

In that tranche, Matador issued 2,419,354 units under the same conditions. Each included one common share and half a warrant, with full warrants executable at $0.77 for one year. Similar to the second tranche, those warrants are also susceptible to acceleration if the share price reaches $1.15 for five continuous trading days following the initial four-month span.<\/p>\n

\u201cThis represents more than mere capital acquisition\u2014it\u2019s an indication that the leading investors in the digital asset sector envision the same future we do,\u201d stated the Chief Visionary Officer of Matador Mark Moss.<\/p>\n

\u201cAt Matador, we anticipate that the next phase of global financial infrastructure will be constructed on digital assets,\u201d commented<\/a> Moss. \u201cBy partnering with HODL<\/a>, we\u2019re not merely extending geographically\u2014we\u2019re broadening the ecosystem of digital assets into a vital innovation center.\u201d<\/p>\n<\/div>\n