The purchase increased Matador's holdings to approximately 175.6 Bitcoin and Bitcoin equivalents, while up to 22 BTC was allocated to its Galaxy strategy.
What was announced
Matador Technologies Inc. (TSXV: MATA) (OTCQB: MATAF) announced the acquisition of 2.0 Bitcoin at an average price of approximately US$74,906 using proceeds from its C$30 million at-the-market program.
Following the purchase, Matador reported holdings of approximately 175.6 Bitcoin and Bitcoin equivalents.
The company also said it had allocated up to 22 Bitcoin to its yield-generation strategy with Galaxy, extending its Bitcoin treasury approach beyond passive holdings.
Source
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