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.