@marz
The Ontario Securities Commission has cleared Matador Technologies to raise $58 million through share sales, which the company will use to expand its Bitcoin treasury toward a goal of owning 1,000 Bitcoin by the end of 2026.
The Bitcoin financial services firm said Tuesday that regulators permitted it to issue $58.4 million worth of common shares, warrants, subscription receipts, debt securities, or units over 25 months. Matador CEO Deven Soni said the company remains focused on increasing Bitcoin per share over time.
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