Matador Technology raises $1 million to invest in Bitcoin

Matador Technologies Inc. (“Matador” or “Company”) (TSXV: MATA, OTCQB: MATAF: MATAF) has announced up to 5,454,546 units of non-blocker private property, priced at $0.55 each, although a Bitcoin-centric technology and investment company. The total amount that Matador expects to raise is up to $3,000,000 in total revenue.

The funds raised are allocated to three equal parts. A third is used to buy Bitcoin. This is alongside the continued interest of the company being added to the Bitcoin Reserve. Another third will be directed towards expanding gold acquisition plans and expanding the Grammys business initiative. The last third covers the needs of a typical company. This includes operations, management costs, and new business opportunities that arise.

Each unit contains one common stock and half of a common stock purchase warrant. One full warrant gives the owner the right to purchase additional shares for $0.75. These warrants are valid for 12 months from the date of issuance.

There is also an acceleration clause. If the company’s shares reach $1.05 or more on a 5-straight trading day on TSX Venture Exchange (TSXV) – but only four months to one day after closing, Matador can speed up the expiration of the warrant. If that happens, they will issue a press release and have a new expiration date 30 days after the notification is published.

All securities from this offering are under a statutory hold period of four months and one day, as required by the Canadian Securities Act. Investors are not allowed to sell or trade these shares during that time. This hold period helps ensure compliance with regulations and increase stability during the early stages of your investment.

The recruitment will take place under a waiver of the requirements of the regular prospectus. This is only open to accredited investors in Canada, and possibly other regions where it is legally permitted. Like most placements, final approval from the TSX Venture Exchange is required before it becomes official.

This privately owned arrangement is part of Matador’s ongoing plan to build the rest of its business while strengthening its role in the Bitcoin and Gold markets. By diversifying its investments and focusing on both digital and traditional assets, the company positions itself for long-term growth. In December 2024, our board of directors approved the purchase of the first $4.5 million in Bitcoin.

This post Matador Technology raised $1 million to invest in Bitcoin. It first appeared in Bitcoin Magazine and is written by Oscar Zara Gaperez.