Canadian-Based Tech Company Approves Treasury Strategy Aiming to Collect 6,000 Bitcoins! Details Here

Canada-based company Matador Technologies announced that its board of directors has approved a long-term Bitcoin accumulation strategy.

Matador Technologies Confirms Treasury Strategy Aiming to Collect 6,000 Bitcoin by 2027 The company's ultimate goal is to reach 6,000 BTC by 2027 and become one of the top 20 institutional Bitcoin holders globally.

The company currently holds 77.4 BTC and its equivalent in assets.

As part of the new strategy, plans have been created to accumulate 1,000 BTC by 2026 and 6,000 BTC by 2027. The board of directors described these goals as “deterministic but predictive” and emphasized that there is no financial commitment.

Matador calculated that if this fund were to be fully acquired in Bitcoin under the current CAD 900 million shelf allowance, approximately 5,934 BTC could be acquired at an average of CAD 151,659. The total is projected to reach approximately 6,011 BTC, including existing assets.

This scenario aligns with the company's 2027 target.

However, it was noted that these calculations are for illustrative purposes only.

The company stated that additional Bitcoin purchases will be subject to various factors, including financing opportunities, market conditions, and regulatory approvals.

It also stated that price and timing will be considered, with the goal of maximizing Bitcoin (BPS) value per share.

Matador will operate with the goal of maintaining a strong capital structure during this period.

There is no guarantee that financing options will be available on favorable terms.

This announcement marks Matador's arrival among the firms embracing a digital asset strategy at the institutional level.

The company has identified a long-term vision of acquiring a 1% stake in the Bitcoin supply, a move that further solidifies institutional interest in the sector. *This is not investment advice.

Continue Reading: Canadian-Based Tech Company Approves Treasury Strategy Aiming to Collect 6,000 Bitcoins! Details Here.

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