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crypto Queen Abrash

07/17 10:02

Canadian Bitcoin firm Matador eyes 6K Bitcoin trea

Canadian Bitcoin firm Matador eyes 6K Bitcoin treasury by 2027

The Canadian Bitcoin firm wants to hold 1% of the total supply of BTC over the next few years.0194c8cd-64eb-7db1-9b6d-8c97f8f498ff.jpeg

Publicly traded Bitcoin solutions firm Matador Technologies says it is planning to buy up to 6,000 Bitcoin by 2027, in a significant acceleration of its Bitcoin buying strategy. 

The Canadian blockchain and Bitcoin technology firm announced on Wednesday that it has an interim objective of buying 1,000 Bitcoin 

BTC
$118,678
 on or before 2026 and plans to develop a Bitcoin treasury strategy to accumulate 6,000 BTC by 2027. 

The firm currently holds 77.4 BTC, worth around $9 million at current market prices. Its long-term goal is to hold 1% of the total supply and become a top 20 corporate Bitcoin holder globally.019816c9-01c7-7f2c-9577-a8fae694253b.jpeg

Our business is structured around Bitcoin as a core asset,” said Deven Soni, CEO of Matador Technologies.

He added that the new approach extends beyond treasury management to include “infrastructure and operational components” aligned with the Bitcoin ecosystem. 

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