Publicly exchanged by Bitcoin Solutions firm Matador Technologies said it planned to buy up to 6,000 Bitcoin by 2027, in a significant acceleration of Bitcoin purchase approach.
The Canadian blockchain and bitcoin technology firm announced On Wednesday it has a temporary purpose of buying 1,000 Bitcoin (Btc) in or before 2026 and plans to develop a Bitcoin treasury approach to accumulate 6,000 BTC by 2027.
The firm is currently holding 77.4 BTC, which costs nearly $ 9 million in current market prices. Its long -term goal is to hold 1% of the total supply and become a top 20 corporate Bitcoin holder All over the world.
“Our business is structured around Bitcoin as a major owner,” said Deven Soni, CEO of Matador technologies.
He added that the new approach extends beyond the management of the Treasury to include the “infrastructure and operational components” that aligned with the Bitcoin ecosystem.
Bitcoin Treasury funding for two years
On July 14, Matador Filed Canada’s $ 900 million dollars ($ 656 million) shelf prospectus to provide financing flexibility for 25 months.
They plan to use a variety of funding methods, including Equity Equity offerings, replacing financings, asset divestitures, facilities supported by Bitcoin and strategic acquisition or partnerships.
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The firm received Final Approval from the Canadian TSX Venture Exchange for a business change to a “Technology/Investment Issuer” hybrid in early July, cleaning the method for the approach to Bitcoin’s treasury.
Compounding approach to flywheel
The firm has the “compounding flywheel” approach that rotates in four ingredients.
Ang mga ito ay madiskarteng nag-iipon ng bitcoin habang na-maximize ang bitcoin bawat bahagi, na bumubuo ng mga kaban ng kaban sa pamamagitan ng “pagkasumpungin ng pagkasumpungin at synthetic na pagmimina,” ang pagbuo ng mga real-world application upang lumikha ng kita ng bitcoin, at pagsuporta sa ekosistema sa pamamagitan ng mga pakikipagsosyo na may imprastraktura ng crypto at Defi projects.
“Our future plans to accumulate bitcoin are designed to promote long -term stability in our sheet balance while reducing inflationary risk exposure,” said Mark Moss, the company’s chief official officer officer.
However, Madador’s stock did not show a typical bullish reaction and fell to 4.65% on Wednesday, According to In Google Finance. The firm shares have been about 37% since the beginning of the year.
Bitcoin Treasury holds 6% of supply
There was a boom with Bitcoin Treasury companies this year as participants hoped to emulate the success of Michael Saylor’s approachThe world’s largest BTC holder holds a $ 71 billion worth of ownership.
Public and private companies hold around 1.15 million BTC at the same time, at the same time, According to in bitcointreasuries.net. This stash currently costs $ 136 billion and represents about 6% of the total supply that shifts.
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