The board of Matador Technologies has approved a Bitcoin treasury strategy, planning to increase its holdings by 6,000 Bitcoins.

On July 16, according to Globenewswire, the board of directors of Canadian public company Matador Technologies Inc approved a long-term Bitcoin acquisition strategy, which will expand Matador's Bitcoin reserves, making the company a significant corporate BTC holder. Matador has submitted a preliminary short-form prospectus to provide financing flexibility over the next 25 months to accumulate up to 6,000 Bitcoins by 2027 or earlier.

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