Mining company raises $105 million to expand Bitcoin holdings, plans to acquire thousands of BTC by 2026

2025-12-16 02:20:23

【CryptoWorld】Mining company Matador Technologies (TSXV:MATA) has just announced a significant financing development. They have finalized a revised convertible note financing agreement with ATW Partners, with an initial tranche of $10.5 million, maintaining a total financing scale of $100 million.

How do the financing terms look? The notes have an annual interest rate set at 8%, but here’s a highlight — once the company successfully lists on NASDAQ or NYSE, the interest rate will directly drop to 5%. This arrangement effectively provides the company with a listing incentive mechanism. Regarding collateral, Bitcoin is used as the primary collateral, with an initial delivery collateral ratio of 150%, later reduced to 100%.

More importantly, the use of funds. According to the revised agreement, this financing will be exclusively used to purchase Bitcoin, with a clear goal — to increase the Bitcoin holdings per share. CEO Deven Soni stated that this financing is an important step in their long-term Bitcoin accumulation plan, which can both expand Bitcoin reserves and limit short-term equity dilution.

How ambitious are they? The company plans to acquire up to 1,000 Bitcoin by 2026. Although earlier statements such as “holding 6,000 BTC by 2027” and “owning about 1% of the total Bitcoin supply” have been removed due to regulatory requirements, this new target also clearly points to a Bitcoin accumulation strategy. This approach is not uncommon in the industry — leveraging financing to expand digital asset allocation.

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LightningAllInHero

· 12-19 02:10

Damn, another mining company is hoarding coins like crazy. An 8% to 5% reduction—this setting is really ruthless. Throwing 100 million in to buy all BTC—this guy really has an all-in mentality. A thousand BTC to be in place before 2026, that's a pretty big move. Just not sure if this wave can hold until then. Using BTC as collateral and still daring to play like this—how confident must they be... Truly fierce. The move to increase holdings per share is well executed; retail investors must feel very comfortable watching this.

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DeFiDoctor

· 12-17 03:31

The consultation records show that this financing structure is quite interesting—what does a 150% guarantee ratio mean? Liquidity indicators need to be closely monitored. The incentive mechanism that reduces the interest rate from 8% to 5% essentially boils down to betting on going public, with risk warnings in place.

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BottomMisser

· 12-16 13:50

1.05 billion spent just to buy coins, this move... is a bit ruthless. But it feels like the bet is a bit big. --- After going public, the interest rate drops to 5%, this incentive design is brilliant, it’s basically forcing themselves into a corner. --- Bitcoin as collateral at 150%... what if the coin price drops? Has anyone calculated this risk? --- The goal of holding a thousand BTC sounds good, but I’m worried that by 2026, the coin price might plummet, and paper wealth could become zero. --- Raising funds to buy coins, a typical leveraged gambler’s mindset. I’m betting on the next bull market. --- Why not go all in directly, and why make it so complicated with conversion notes... --- Mining companies are stockpiling coins, which shows everyone is optimistic about the future market.

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BuyTheTop

· 12-16 02:50

$100 million all in BTC, this move is really fierce, full of gambling spirit --- So it's just raising funds to buy coins, looping leverage... kind of interesting --- Getting interest rates down to 5% upon listing? This incentive mechanism is well designed --- By 2026, 1,000 BTC, how much would that be at the current price... a bit scary --- Starting with 150% collateral for Bitcoin mortgage, I give a thumbs up for risk control --- Another story of going all in on Bitcoin, wow --- Mining companies directly turning into Bitcoin funds? Does mining still have any meaning then? --- An 8% interest rate is also okay, since it's going public anyway --- Is this the legendary institutional bottom-fishing? Feels like the bottom hasn't been touched yet --- Dedicated funds for buying coins, at least the attitude is firm... but this bet is a bit big

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PonziWhisperer

· 12-16 02:50

Hey, this financing structure is interesting. Using BTC as collateral to get money to buy more BTC—what a move... it's a bit ruthless. The rate cut from 8 to 5 for the listing is obviously betting that the company can break through, but can they really? A thousand BTC by 2026? If they mess up, the interest rates might never come back. I don't understand why it has to be so complicated. Why not just finance directly to buy coins? Are mining companies now so aggressive, putting everything on the line?

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NFTRegretful

· 12-16 02:49

Mining company spends 100 million to buy coins, is this genuine confidence or forced bottom-fishing? Betting that going public can cut interest rates to 5%, a game for smart people. With this pace, do you really need to have 1,000 coins from 26 years ago?

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WenMoon

· 12-16 02:25

Hmm... 100 million specifically to buy Bitcoin, this guts is really big, betting on turning around before 2026 --- Listing with interest rates dropping from 8 to 5? Alright, this is indeed an incentive, but it still feels a bit tight --- 150% collateral ratio, they really treat BTC as hard currency, quite interesting --- Per share BTC holdings... this idea is the same as Grayscale's back then, just see if they can hold on until that day --- One hundred million dollars all in Bitcoin, if the price drops after pouring in, the CEO will be criticized to death --- Basically, it's financing plus leverage to accumulate coins, betting that Bitcoin will take off before 2026, no problem --- Why do I always feel that such aggressive strategies will go bankrupt in the next bear market... --- Mining companies themselves are so optimistic about BTC, which probably says something, right

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