Matador Technologies Acquires 2 Bitcoin Using ATM Program Proceeds and Deploys Holdings into Yield Generation Strategy with Galaxy
Rhea-AI Summary
Matador Technologies (TSXV:MATA / OTCQB:MATAF) acquired 2.0 Bitcoin at an average price of approximately US$74,906 using proceeds from its C$30 million ATM Program on April 17, 2026. The company now holds ~175.6 Bitcoin and Bitcoin equivalents and has allocated up to 22.0 Bitcoin to a yield generation strategy with Galaxy.
The move raises Bitcoin per share (BPS) to ~0.00000148 BTC/share based on 118,617,101 shares outstanding, representing a ~101% BPS increase since October 31, 2025.
Positive
- 2.0 BTC acquired at US$74,906 average price
- Total holdings of ~175.6 BTC and equivalents
- BPS increased by ~101% to 0.00000148 BTC/share
- Allocated up to 22.0 BTC to Galaxy yield strategy
- C$30M ATM Program provides measured capital flexibility
Negative
- ATM Program could dilute shareholders through future share issuances
- USD $100M secured convertible note may create future dilution
- BPS is non‑IFRS and may not translate into shareholder returns
News Market Reaction – MATAF
On the day this news was published, MATAF declined 12.36%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, ON / ACCESS Newswire / April 17, 2026 / Matador Technologies Inc. ("Matador" or the "Company") (TSXV:MATA)(OTCQB:MATAF)(FSE:IU3), the Bitcoin Ecosystem Company, is pleased to announce the acquisition of 2.0 Bitcoin using proceeds from its C
Strategic Bitcoin Acquisition
The Company acquired 2.0 Bitcoin at an average price of approximately US
The ATM Program provides Matador with the flexibility to raise equity capital in a measured and opportunistic manner, enabling the Company to convert fiat into Bitcoin during periods it considers to be favorable, while minimizing dilution through disciplined, market-responsive issuances. Under the ATM Program, the Company may offer and sell common shares to raise aggregate gross proceeds of up to C
Bitcoin Per Share Update
The Company remains focused on increasing Bitcoin per Share ("BPS"), which management considers a key operational metric in evaluating the Company's Bitcoin treasury strategy. BPS is calculated as the Company's total Bitcoin and Bitcoin equivalents divided by the basic number of common shares outstanding.
Following the acquisition described above, the Company holds approximately 175.6 Bitcoin and Bitcoin equivalents. Based on 118,617,101 common shares outstanding as of April 16, 2026, BPS stands at approximately 0.00000148 Bitcoin per share. This represents an increase of approximately
Over the same period, the Company's total Bitcoin and Bitcoin equivalents holdings grew by approximately
Integration with Bitcoin Yield Generation Strategy
The newly acquired Bitcoin is intended to be allocated to the Company's Bitcoin yield generation strategy, which was announced on March 31, 2026. Under an ISDA Agreement with Galaxy, Matador actively generates yield on its treasury holdings primarily through the systematic execution of covered calls, alongside other supplementary options and yield generation strategies facilitated by Galaxy. The Company has allocated up to 22.0 Bitcoin to this initiative.
This acquisition demonstrates the strategic integration of Matador's capital markets infrastructure with its active treasury management approach. By deploying ATM proceeds into Bitcoin and channeling those holdings into a yield-generating framework, the Company is executing on a disciplined capital cycle designed to: (i) accumulate Bitcoin in a cost-efficient manner; (ii) put those holdings to productive use through its yield strategy with Galaxy; and (iii) drive long-term shareholder value while maintaining capital efficiency.
Deven Soni, Chairman and Chief Executive Officer of Matador, commented: "This acquisition reflects our ability to move opportunistically, deploying capital raised through our ATM Program directly into Bitcoin during what we view as a favorable accumulation window. By immediately allocating these holdings into our yield generation strategy with Galaxy, we are ensuring that every Bitcoin on our balance sheet is working toward enhancing returns for shareholders. This is the integrated treasury model in action: raise capital efficiently, acquire Bitcoin strategically, and generate yield systematically."
Mark Moss, Chief Visionary Officer of Matador, added: "Our approach has always been to build a compounding treasury model around Bitcoin. The ATM Program gives us the flexibility to be patient and disciplined, and our partnership with Galaxy allows us to enhance the utility of our holdings without compromising our long-term positioning. As we continue to progress toward our target of 1,000 Bitcoin in treasury, each acquisition is being deployed with a view to maximizing Bitcoin per share over time."
Capital and Financing Framework
The ATM Program was established under the Company's C
Matador may, from time to time, allocate available capital toward Bitcoin purchases or other corporate purposes, depending on market conditions, regulatory requirements, the Company's financial position and other factors. There can be no assurance as to the amount or timing of any future Bitcoin purchases or other capital allocation decisions.
Media Contact:
Deven Soni
Chief Executive Officer
Email: deven@matador.network
Phone: 647-496-6282
About Matador Technologies Inc.
Matador Technologies Inc. (TSXV:MATA)(OTCQB:MATAF)(FSE:IU3) is a publicly traded Bitcoin ecosystem company focused on holding Bitcoin as its primary treasury asset and building products to enhance the Bitcoin network. Matador's strategy combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, with a focus on driving long-term shareholder value while maintaining capital efficiency.
Matador has recently proposed to expand its global footprint by entering into an agreement to invest in HODL Systems, one of India's first digital asset treasury companies, securing up to a
With a Bitcoin-first strategy, and a clear focus on innovation, Matador is shaping the future of financial infrastructure on Bitcoin.
Visit us online at https://www.matador.network/
Cautionary Statement Regarding Forward-Looking Information
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company's treasury management strategy, receipt of regulatory approvals, and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
SOURCE: Matador Technologies Inc.
View the original press release on ACCESS Newswire