Imagine a company with a most extraordinary ambition – to hoard a whopping 6,000 Bitcoins by 2027! 🤑 That’s like trying to collect all the golden tickets in a giant game of Willy Wonka’s Bitcoin Bonanza! The Canadian blockchain firm, Matador, has just revealed its master plan in a snazzy new strategic update. 📄
At the moment, they have a measly 77 Bitcoins 🤣, but they’re determined to reach 1,000 by 2026. And that’s just the beginning! Their ultimate goal is to grab 1% of all the Bitcoins in existence, which would put them among the top 20 corporate Bitcoin bigwigs in the world. 💼 CEO Deven Soni says it’s not just about accumulating Bitcoins, but about making them an integral part of their operations – like the secret ingredient in their favorite recipe! 🍰
But, of course, such grand plans require grand funding! 💸 Matador has filed a C$900 million shelf prospectus, which is like a magic piggy bank that lets them raise capital whenever they need it over the next 25 months. They’ll be tapping into all sorts of sources, including equity offerings, Bitcoin-backed credit lines, and strategic deals. It’s like a game of financial Jenga – they just need to make sure they don’t pull the wrong block! 🤯
Thanks to a thumbs-up from the TSX Venture Exchange, Matador is now officially a hybrid tech-investment issuer, which means they can go full steam ahead with their new strategy. 🚂 They’re calling it the Bitcoin “flywheel” model, which involves accumulating Bitcoins, generating yield through volatility plays, creating Bitcoin-denominated revenue streams, and investing in infrastructure and DeFi. It’s like a big, beautiful Bitcoin machine! 🤖
Chief Visionary Officer Mark Moss says the goal is to build long-term stability and hedge against inflation. In other words, they want to be the tortoise, not the hare, in the Bitcoin race! 🐢 But, despite the excitement, Matador’s stock took a bit of a tumble on Wednesday, falling 4.65%. Still, they’re up nearly 37% in 2025, so they’re not doing too badly! 📈
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2025-07-17 18:18