Bitcoin News Today: Matador Technologies Aims to Hold 1% of Bitcoin Supply by 2027

Matador Technologies, a publicly traded company based in Canada, has announced an ambitious plan to significantly increase its Bitcoin holdings. The company aims to accumulate 6,000 BTC by 2027, which would represent approximately 1% of the total Bitcoin supply. This strategic move is part of a board-approved treasury plan, with indicative targets set for acquiring up to 1,000 BTC by 2026 and the full 6,000 BTC by 2027. Currently, Matador Technologies holds 77.4 BTC, valued at around $9 million.

To support its plans, Matador filed a CA$900 million shelf prospectus on July 14. The filing will let the company raise funds over the next 25 months. Capital may come from equity offerings, convertible deals, asset sales, Bitcoin-backed loans, or new partnerships. Earlier this month, Matador received final approval from the TSX Venture Exchange to operate as a hybrid “technology/investment issuer.” This change gives the company more room to develop a Bitcoin-focused strategy while still working on blockchain-related projects.

The company has described its approach as a “compounding flywheel” strategy. It includes growing its Bitcoin holdings, increasing BTC-per-share value, and using market volatility and synthetic mining to build yield. The plan also includes creating BTC-based revenue streams and working with DeFi and crypto infrastructure firms. Mark Moss, the company’s chief visionary officer, said the approach is aimed at long-term strength. “Our future plans to accumulate Bitcoin are designed to establish long-term stability on our balance sheet while reducing exposure to inflationary risk,” he said.

Matador’s plans come during a rise in corporate Bitcoin ownership. Public and private companies now hold an estimated 1.15 million BTC. That total is around 6% of the current supply. Meanwhile, Strategy continues to lead with the largest BTC treasury, now worth more than $73 billion. Despite the announcement, Matador’s stock fell 4.65%. Still, its shares remain up 37% since the beginning of the year.

Matador Technologies' ambitious plan to accumulate 6,000 BTC by 2027 is a significant move in the corporate Bitcoin landscape. By aiming to hold 1% of the total Bitcoin supply, the company is positioning itself as a major player in the digital asset market. This strategy not only highlights Matador Technologies' commitment to Bitcoin but also its long-term vision for financial stability and growth. The company's “compounding flywheel” strategy, which includes BTC accumulation, synthetic mining, and DeFi-linked revenue generation, is designed to create a sustainable and profitable Bitcoin ecosystem. With the support of a CA$900 million shelf prospectus and approval from the TSX Venture Exchange, Matador Technologies is well-positioned to achieve its goals and become one of the top 20 corporate Bitcoin holders worldwide.