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Nellius Irene

Matador Technologies approved to offer up to $58M in shares for Bitcoin treasury plan

Matador Technologies has been authorized to issue up to C$80 million, or about $58 million, in securities over the next 25 months to support a long-term Bitcoin-focused treasury strategy. The company aims to increase its holdings from roughly 175 BTC to 1,000 BTC by 2026 and ultimately target 1% of Bitcoin's total supply, while more than 190 publicly traded firms currently hold Bitcoin despite recent stock price declines.
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