All about Matador’s $100M Bitcoin whale play and its future ‘target’
The post All about Matador’s $100M Bitcoin whale play and its future ‘target’ appeared on BitcoinEthereumNews.com.
Key Takeaways What are the key terms of the notes? The notes carry 8% annual interest, reducing to 5% after a NASDAQ or NYSE uplisting, and are secured by Bitcoin collateral. What are Matador’s Bitcoin targets? The company aims to acquire 1,000 BTC by 2026 and 6,000 BTC by 2027, ultimately holding about 1% of Bitcoin’s total supply. In a significant turn of events, Matador Technologies Inc. has announced an amended $100 million secured convertible note facility with ATW Partners. The new agreement, finalized on the 3rd of November, updates the terms of their previous July 2025 deal. This will give Matador, known as “the Bitcoin Ecosystem Company”, greater flexibility to issue convertible notes and strengthen its capital position. Wall Street’s new Bitcoin whale Under the amended facility, Matador Technologies plans to use the funds exclusively to purchase Bitcoin [BTC] for its corporate balance sheet. The initial tranche of funding is set at $10.5 million. Additionally, there is a potential for $89.5 million through follow-on drawdowns, which are contingent on regulatory approvals. In terms of financing requirements, ATW Partners may ask Matador to issue up to $46.25 million in notes before an uplisting. After the uplisting, another $28.75 million may be required. In total, this brings the potential note issuance to $75 million. To further align the interests of both parties, Matador will pay a 5% commitment fee on all notes issued. This arrangement supports the company’s efforts as it seeks to expand its Bitcoin holdings and pursue its long-term strategy. With this approach, Matador Technologies plans to acquire 1,000 BTC by 2026. It wants to expand the same to 6,000 BTC by 2027 to own about 1% of Bitcoin’s total supply. Matador Technologies execs weigh in Remarking on the same, Deven Soni, CEO of Matador Technologies, stated, “This financing marks a…
Filed under: News - @ November 5, 2025 5:29 am