Matador Technologies' board of directors has approved a long-term BTC treasury strategy, planning to accumulate up to 6,000 Bitcoin by 2027.

The board of directors of Bitcoin ecosystem company Matador Technologies has approved a long-term $BTC treasury strategy, planning to accumulate up to 6,000 Bitcoin by 2027 and complete the first phase target of 1,000 $BTC by 2026. The company currently holds 77.4 BTC. In addition, to support the implementation of the strategy, Matador submitted a preliminary short-form base shelf prospectus for a total of CAD 900,000,000 to Canadian (excluding Quebec) regulators on July 11, which, if approved, will grant flexible authority to issue shares, bonds, or units within the next 25 months. [Wu Blockchain]