Matador Secures $100M for Bitcoin Purchases with Convertible Note

Matador Technologies has secured a significant $100 million facility through ATW Partners to acquire Bitcoin, employing a strategy that allows the company to purchase cryptocurrency without immediately diluting its equity. Matador’s initial investment of $10.5 million will be exclusively directed towards Bitcoin purchases and aims to amass 1,000 Bitcoin by 2026 and 6,000 Bitcoin by 2027. The company aspires to eventually control approximately 1% of the total Bitcoin supply.