Matador Technologies Closes $100M Convertible Note Facility and Doubles Bitcoin Treasury Holdings

Matador Technologies Inc. (TSXV: MATA) (OTCQB: MATAF) (FSE: IU3) has closed its previously announced $100 million secured convertible note facility with ATW Partners and completed its first drawdown to acquire 92 bitcoin for CAD $13.2 million (USD $9.5 million) at an average price of USD $102,752 per bitcoin. The purchase, executed through Netcoins and FalconX with custody provided by BitGo Trust Company, more than doubles Matador's holdings to roughly 175 bitcoin and underscores the company's commitment to Bitcoin as a core reserve asset.

The convertible note facility, dedicated exclusively to Bitcoin accumulation and pending TSXV final approval, marks a major financing milestone for the company and strengthens its long-term treasury framework. This strategic move positions Matador as one of the few publicly traded companies with a substantial Bitcoin treasury, reflecting growing institutional acceptance of cryptocurrency as a legitimate reserve asset. The facility provides Matador with significant capital flexibility to continue accumulating Bitcoin while maintaining operational efficiency.

In conjunction with the convertible note facility, Matador also filed an amended CAD $500 million base shelf prospectus to enhance capital-markets flexibility as it advances its balance-sheet and treasury strategy. This expanded financial framework allows the company to respond more effectively to market opportunities while maintaining its Bitcoin-first approach to treasury management. The combined financial instruments provide Matador with substantial resources to execute its strategic vision of building Bitcoin as its primary treasury asset.

Matador's expanded international exposure through an agreement to acquire up to a 24% interest in HODL Systems, an India-based digital asset treasury company, further demonstrates the company's global Bitcoin strategy. If completed, the investment would provide Matador with minority ownership in a market with increasing digital asset activity, potentially opening new avenues for growth and market penetration. The company continues to evaluate product initiatives intended to support activity on the Bitcoin network while maintaining its focus on capital allocation and long-term shareholder value creation.

The company's approach combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure. This comprehensive strategy positions Matador at the intersection of traditional finance and digital assets, leveraging its public company status to provide investors with exposure to Bitcoin through a regulated vehicle. For more information about the company's Bitcoin strategy and corporate developments, visit https://www.matador.network/.