Canadian Bitcoin firm Matador eyes 6K Bitcoin treasury by 2027
The Canadian Bitcoin firm wants to hold 1% of the total supply of BTC over the next few years.
Publicly traded Bitcoin solutions firm Matador Technologies says it is planning to buy up to 6,000 Bitcoin by 2027, in a significant acceleration of its Bitcoin buying strategy.
The Canadian blockchain and Bitcoin technology firm announced on Wednesday that it has an interim objective of buying 1,000 Bitcoin (BTC) on or before 2026 and plans to develop a Bitcoin treasury strategy to accumulate 6,000 BTC by 2027.
The firm currently holds 77.4 BTC, worth around $9 million at current market prices. Its long-term goal is to hold 1% of the total supply and become a top 20 corporate Bitcoin holder globally.