Matador Technologies Plans Acquisition of 6,000 Bitcoin by 2027

Toronto-based Matador Technologies Inc. received board approval for a treasury strategy to acquire up to 6,000 BTC by the end of 2027. The company aims to hold roughly 1% of Bitcoin’s total supply and rank among the top 20 corporate holders globally.

Matador filed a preliminary short-form base shelf prospectus for up to CAD $900 million with Canadian securities regulators on July 14, 2025. The prospectus grants the company up to 25 months of financing flexibility.

The prospectus allows Matador to issue equity, debt or units and supports multiple financing options, including at-the-market equity offerings, convertible financings, divestitures of non-core assets, Bitcoin-backed credit facilities and strategic acquisitions or partnerships.

Based on an assumed average purchase price of CAD $151,659 per Bitcoin, deploying the full CAD $900 million could yield about 5,934 BTC. When added to current holdings, this would total approximately 6,011 BTC by 2027.

Matador cautioned that its 6,000-bitcoin target is based on illustrative assumptions and should not be construed as a financial projection. The company emphasized that all initiatives under the plan are contingent on market conditions, financing availability and any additional regulatory or board approvals. Matador intends to evaluate each financing alternative based on its impact on Bitcoin per share, price and timing, aiming to bolster its balance sheet without compromising capital efficiency.

The company also plans to launch Bitcoin-native financial products through its proprietary Digital Asset Platform to generate revenue denominated in Bitcoin, and to support ecosystem growth via partnerships with Layer 2 protocols, DeFi projects and infrastructure providers.