Matador Technologies Announces Initial USD$10.5M Draw Under USD$100M Convertible Note Facility, Underscoring Strength and Execution in the Digital-Asset Market

Rhea-AI Summary

Matador Technologies (OTCQB: MATAF) closed a USD $100 million secured convertible note facility with ATW Partners and completed the initial USD $10.5 million draw to acquire 92 bitcoin for CAD $13.2 million (USD $9.5 million) at an average price of USD $102,752 per bitcoin, inclusive of fees. BitGo Trust Company will custody holdings. After this purchase, Matador doubled its bitcoin holdings to approximately 175 bitcoin (and equivalents). Proceeds from the Facility are restricted to Bitcoin purchases. The company also filed an amended CAD $500 million short-form base shelf prospectus, subject to regulatory approvals.

Positive

• Closed USD $100M secured convertible note facility
• Initial draw purchased 92 bitcoin for CAD $13.2M (USD $9.5M)
• Total holdings increased to ~175 bitcoin
• All bitcoin secured in qualified custody by BitGo Trust
• Filed amended CAD $500M shelf prospectus

Negative

• Facility proceeds are restricted solely to Bitcoin purchases
• Close and facility use subject to TSXV final approval
• Amended prospectus subject to regulatory approvals and final documentation

TORONTO, Nov. 11, 2025 (GLOBE NEWSWIRE) -- Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF, FSE: IU3) today announced the successful closing of its previously disclosed USD $100 million secured convertible note facility (the “Facility”) with ATW Partners and the completion of its first drawdown under the Facility to acquire 92 bitcoin for CAD $13.2 million (USD $9.5 million). The bitcoin was purchased through Netcoins (owned by BIGG Digital Assets Inc., TSXV: BIGG) and FalconX at an average price of USD $102,752 per bitcoin, inclusive of fees and expenses. BitGo will also secure all bitcoin holdings in qualified custody through its regulated entity, BitGo Trust Company, Inc. 

The close of this Facility, subject to TSXV final approval, represents a significant achievement for Matador and a notable signal for the broader digital-asset market. The successful execution of a nine-figure financing dedicated solely to Bitcoin accumulation highlights both Matador’s financial credibility and its operational ability to execute at scale. The transaction reaffirms Matador’s commitment to Bitcoin as a core reserve asset and its disciplined approach to building a regulated, public-company Bitcoin treasury program.

Following this acquisition, Matador more than doubles its total Bitcoin holdings to approximately 175 bitcoin (and Bitcoin equivalents). The Company continues to prioritize balance-sheet strength and disciplined capital deployment consistent with its long-term treasury framework.

ATW Partners is a New York–based investment firm that provides flexible growth capital solutions. Under the terms of the Facility, proceeds are restricted to purchasing Bitcoin for Matador’s balance sheet.

Matador has also filed an amended and restated preliminary short-form base shelf prospectus for CAD $500 million (the “Prospectus”) on October 8, 2025, which, subject to applicable regulatory approvals and final documentation will provide the Company with additional flexibility in its capital-markets programs.

“Completing a $100 million financing and deploying it into Bitcoin in the current market environment speaks to both our conviction and our ability to get things done,” said Deven Soni, Chief Executive Officer of Matador Technologies. “This financing reinforces Matador’s position as an active participant in the Bitcoin treasury landscape.”

“Matador has more than doubled its holdings from 82 bitcoin and Bitcoin equivalents to 175 bitcoin and Bitcoin equivalents.,” said Mark Moss, Chief Visionary Officer of Matador Technologies. “This acquisition reflects our ongoing commitment to disciplined, long-term Bitcoin accumulation.”

As Matador advances its business strategy, the Company remains focused on strengthening its Bitcoin reserves, maintaining capital discipline, and operating transparently within the regulated public-company framework.

For additional information, please contact:

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 expanded its international exposure through an agreement to acquire up to a 24% interest in HODL Systems, an India-based digital asset treasury company. If completed, the investment would provide Matador with minority ownership in a market with increasing digital asset activity.

The Company maintains a Bitcoin-first approach and continues to evaluate product initiatives intended to support activity on the Bitcoin network. Matador’s objective is to allocate capital prudently, pursue opportunities that fit its mandate, and focus on long-term shareholder value.

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 (including final approval of the TSX Venture Exchange with respect to the Company's proposed change of business), 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.

FAQ

What did Matador (MATAF) announce on November 11, 2025 about a USD $100M facility?

Matador announced it closed a USD $100M secured convertible note facility with ATW Partners and completed an initial draw to buy Bitcoin.

How many bitcoin did Matador (MATAF) buy with the initial draw and at what price?

Matador purchased 92 bitcoin for CAD $13.2M (USD $9.5M) at an average price of USD $102,752 per bitcoin, inclusive of fees.

How many total bitcoin does Matador (MATAF) hold after the November 11, 2025 acquisition?

After the acquisition Matador holds approximately 175 bitcoin and Bitcoin equivalents.

Will Matador (MATAF) custody its bitcoin holdings and with whom?

Yes; all bitcoin holdings will be secured in qualified custody by BitGo Trust Company.

What restrictions or approvals affect Matador's USD $100M facility and prospectus?

Proceeds are restricted to Bitcoin purchases, the facility close is subject to TSXV final approval, and the amended CAD $500M prospectus is subject to regulatory approvals and final documentation.

How does the USD $100M facility affect Matador’s capital plans (MATAF)?

The facility is dedicated to Bitcoin accumulation and the company filed an amended CAD $500M shelf prospectus to provide additional capital-markets flexibility.