Bitcoin News Today: As Crypto Slumps, Matador Doubles Bitcoin Holdings with $100M Facility

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Tuesday, Nov 11, 2025 11:58 am ET1min read
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-

Matador Technologies
(MATA.V) acquired 92 BTC ($9.5M) via a $100M convertible note facility, doubling its holdings to 175 BTC.

- BitGo Trust Company now secures Matador's

Bitcoin
, while CEO Deven Soni emphasized the company's "conviction" in challenging markets.

- The purchase reflects growing institutional demand for Bitcoin as a reserve asset, with

Matador
ranked 91st on the Bitcoin 100 tracker.

- A $500M base shelf prospectus filing aims to enhance capital flexibility amid crypto market volatility and declining altcoin prices.

Matador Technologies (MATA.V) has significantly expanded its

Bitcoin
holdings, acquiring 92 BTC for approximately $9.5 million under a newly secured $100 million convertible note facility, as reported by
Yahoo Finance
. The Canadian company, which saw its shares rise 8% from near 52-week lows on Tuesday, completed the purchase through Netcoins (owned by BIGG Digital Assets Inc.) and FalconX at an average price of $102,752 per bitcoin, inclusive of fees, according to the
GlobeNewswire release
. BitGo Trust Company, a regulated entity, will now secure all of Matador's Bitcoin in qualified custody, as
Yahoo Finance
reported.

The acquisition, which more than doubles the firm's Bitcoin holdings to around 175 BTC, underscores Matador's strategic commitment to building a regulated corporate treasury in digital assets, as noted by

GlobeNewswire
. CEO Deven Soni emphasized the move as a demonstration of the company's "conviction and ability to get things done" in a challenging market environment, as stated in the
GlobeNewswire release
.
The financing, finalized with New York-based ATW Partners, is restricted to Bitcoin purchases and reflects Matador's position as an active participant in the corporate Bitcoin treasury landscape, as described in the
GlobeNewswire release
.

Matador's move aligns with a growing institutional appetite for Bitcoin as a store of value. The company's holdings now include a mix of Bitcoin and Bitcoin equivalents, reflecting a disciplined approach to capital deployment, as noted in the

GlobeNewswire release
. The transaction also highlights the role of convertible debt in funding digital-asset acquisitions, a strategy increasingly adopted by firms seeking to hedge against traditional market risks, as
CryptoBriefing
reported.

The company has also filed an amended $500 million base shelf prospectus to enhance flexibility in capital markets, as

Yahoo Finance
reported. This follows a broader trend of public companies allocating capital to Bitcoin as a reserve asset, with Matador now ranked 91st on the Bitcoin 100, a tracker of corporate holdings, as
CryptoBriefing
reported. The purchase occurred amid a period of market volatility, with
Ethereum
and other cryptocurrencies experiencing price declines.