Matador Technologies Provides Corporate Update and Reports Approximately 168 Bitcoin Held
Key Highlights
- ➤Matador (MATA) holds approximately 168 Bitcoin, including 138 Bitcoin pledged as collateral
- ➤US$10.5 million convertible notes funded acquisition of 92 Bitcoin under US$100 million facility
- ➤C$30 million ATM program issued 49,054,400 shares for C$2.34 million gross proceeds
- ➤Cash operating expenditures now average approximately C$125,000 monthly, targeting C$100,000
- ➤Shareholders vote October 14, 2026 on creating an unlimited preferred-share class
Expert Statements
Donato Sferra, Chief Executive Officer of Matador
“Matador’s capital structure reflects a clear view on Bitcoin, and we are open about the fact that it works in both directions. Over the past year we have put the tools in place to add Bitcoin when our cost of capital allows it, and we have brought the cost of running the Company down to a level that matches the business we are today. We are pleased with that progress, and we believe it leaves Matador in a stronger position to pursue future opportunities while remaining disciplined in how we deploy capital.”
Key Highlights * Leveraged Bitcoin Treasury: Matador holds approximately 168 Bitcoin and funds its treasury through a combination of common equity and secured convertible debt. * Convertible Note Facility: Matador has issued US$10.5 million principal amount of senior secured convertible notes under its US$100 million secured convertible note facility. The remaining US$89.5 million may be drawn in follow on closings, subject to regulatory approvals and other conditions. * Capital Markets Tools: Since November 2025, the Company has put in place a C$80 million base shelf prospectus and, qualified under that shelf, a C$30 million at the market equity program, and amended its secured convertible note facility to expand at the market capacity. Shareholders will be asked to approve a new class of preferred shares on October 14, 2026. * Cost Optimization: Management estimates that the Company’s cash operating expenditures currently average approximately C$125,000 per month, although monthly amounts vary, and that it continues to work toward a target of approximately C$100,000 per month, compared with average monthly net cash used in operating activities of approximately C$445,000 in the fiscal year ended October 31, 2025. * Leadership: Donato Sferra was appointed Chief Executive Officer and Deven Soni was appointed Executive Chairman, each effective July 16, 2026. TORONTO, Oct. 02, 2026 (GLOBE NEWSWIRE) -- Matador Technologies Inc. (“Matador” or the “Company”) (TSXV:MATA)(OTCQB:MATAF)(FSE:IU3), the Bitcoin Ecosystem Company, today provided a corporate update summarizing developments in its capital structure, operations and governance since the beginning of its 2026 fiscal year on November 1, 2025.
Get started
Create a free account to read the full story.