The Canada-based Technology Company has approved its Treasury strategy aiming to accumulate 6,000 Bitcoin! Here are the details.

Canada-based Matador Technologies announced that its board of directors has approved a long term Bitcoin accumulation strategy.

Matador Technologies Approved a Treasury Strategy Aiming to Accumulate 6,000 Bitcoin by 2027

The company's ultimate goal is to reach 6,000 BTC by 2027 and become one of the top 20 institutional Bitcoin holders globally.

The company currently holds 77.4 BTC and BTC equivalent assets. As part of the new strategy, plans have been made to accumulate 1,000 BTC by 2026 and 6,000 BTC by 2027. The board defined these targets as "decisive but forecast-based" and emphasized that there is no financial commitment.

Matador calculated that under the current CAD 900 million shelf registration, if the entire fund is used to purchase Bitcoin, approximately 5.934 BTC could be acquired at an average of CAD 151,659.

It is predicted that the total will reach approximately 6.011 BTC along with the current assets. This scenario aligns with the company's 2027 target. However, it was noted that these calculations are for illustrative purposes only.

The company stated that additional Bitcoin purchases will occur depending on various factors such as financing options, market conditions, and regulatory approvals. It was also expressed that evaluations will be made based on price and timing, with the goal of maximizing the target value per share of Bitcoin (BPS).

Matador will operate with the aim of maintaining a strong capital structure throughout this process. However, there is no guarantee that financing options will be available under favorable conditions.

This announcement shows that Matador has joined the ranks of companies adopting a digital asset strategy at the corporate level. The company defines acquiring 1% of the Bitcoin supply as a long-term vision, while this move is considered a development that further strengthens institutional interest in the sector.