Matador Technologies has secured a $100 million financing line to purchase more Bitcoin.

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On July 23, Canadian listed company Matador Technologies secured a financing limit of $100 million for the acquisition of more Bitcoin. BlockBeats previously reported that the board of directors of Canadian listed company Matador Technologies Inc approved a long-term Bitcoin acquisition strategy, which will expand Matador's Bitcoin reserves and make the company a significant corporate BTC holder. Matador has submitted a preliminary short-form base prospectus to provide financing flexibility over the next 25 months, aiming to accumulate up to 6,000 Bitcoins by 2027 or before.

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