Bitcoin financial services firm Matador Technologies has secured regulatory approval to raise new capital.
The Ontario Securities Commission cleared Matador to issue up to eighty million Canadian dollars in securities.
The fundraising authorisation spans common shares warrants debt securities and related units.
Matador plans to deploy the proceeds over a twenty five month period.
The firm intends to use the capital to expand its bitcoin treasury holdings.
Management has set a target of holding one thousand bitcoin by the end of 2026.
Matador currently holds one hundred seventy five bitcoin on its balance sheet.
Those holdings are valued at more than fifteen million dollars at current prices.
Data places Matador among the top one hundred corporate bitcoin holders globally.
Chief executive Deven Soni said the company is focused on increasing bitcoin per share.
We will continue to target a treasury balance of 1,000 Bitcoin by the end of 2026.
Deven Soni said.
The strategy reflects a longer term commitment to bitcoin accumulation.
Matador’s leadership said capital deployment will depend on market conditions.
Chief visionary Mark Voss said volatility would be monitored closely.
We will deploy capital at the most opportune times.
Mark Voss said.
Despite the announcement Matador shares declined during Tuesday’s session.
The stock closed down more than three percent on the day.
Market reaction reflected broader caution toward bitcoin treasury strategies.
More than one hundred ninety public companies now hold bitcoin reserves.
Corporate adoption accelerated following spot bitcoin ETF approvals last year.
However several bitcoin focused stocks have underperformed during market pullbacks.
Analysts have questioned the sustainability of treasury accumulation strategies.
Some companies have been forced to sell bitcoin to meet obligations.
Chipmaker Sequans recently liquidated bitcoin to redeem convertible debt
That sale reversed earlier ambitions to significantly increase holdings.
Matador entered the bitcoin treasury space in December 2024.
The firm builds infrastructure for traditional finance entry into bitcoin markets.
In July Matador outlined plans to expand holdings beyond one thousand bitcoin.
Longer term targets include reaching six thousand bitcoin by 2027.
The company has also referenced ambitions to control one percent of total supply.
That benchmark equals roughly two hundred ten thousand bitcoin.
Michael Saylor’s Strategy remains the only firm to reach that level.
Investors continue to debate risk versus reward in corporate bitcoin strategies.
Matador’s approval highlights ongoing institutional interest despite volatility.
At the time of reporting, Bitcoin price was $87,261.22.