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Crypto Prune > News > Crypto > Bitcoin > The Canada-based tech company has approved a financial strategy aimed at collecting 6,000 bitcoins! Details here
Bitcoin

The Canada-based tech company has approved a financial strategy aimed at collecting 6,000 bitcoins! Details here

5 months ago 2 Min Read

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

Matador Technologies confirms its financial strategy aimed at collecting 6,000 Bitcoins by 2027

The company’s ultimate goal is to reach 6,000 BTC by 2027 and become one of the top 20 institutions of Bitcoin holders in the world.

The company currently holds 77.4 BTC and its assets equivalent. As part of the new strategy, a plan has been created to accumulate 1,000 BTC by 2026 and 6,000 BTC by 2027. The board described these goals as “deterministic but predictive,” emphasizing the lack of financial commitment.

Matador calculated that if the fund is fully acquired with Bitcoin under the current CAD 900 million shelf allowance, it could acquire around 5,934 BTC with an average CAD 151,659.

The total is projected to reach approximately 6,011 BTC, including existing assets. This scenario coincides with the company’s 2027 target. However, please note that these calculations are for illustrative purposes only.

The company says additional Bitcoin purchases are subject to a variety of factors, including funding opportunities, market conditions and regulatory approvals. He also said that price and timing will be taken into consideration with the aim of maximizing Bitcoin (BPS) value per share.

Matador operates with the goal of maintaining a strong capital structure during this period. There is no guarantee that funding options will be available under favorable terms.

The announcement illustrates the arrival of Matador among companies adopting digital asset strategies at the institutional level. The company has identified its long-term vision of acquiring a 1% stake in its Bitcoin supply. This is a move to further strengthen institutional interest in the sector.

See also  Is Bitcoin about to go beyond ATH to $120K?

*This is not investment advice.

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