Matador Raises CAD 4 Million for Bitcoin Investment

Canadian tech company Matador has announced plans to increase its Bitcoin investment through an additional CAD 4 million fundraising effort. The firm will issue up to 6,451,613 common shares via a private placement. This offering could be expanded by up to 15% for overallotment purposes. Earlier this month, Matador disclosed its intention to raise CAD 3 million, with some of the funds earmarked for bolstering their Bitcoin holdings.