08:55 AM EDT, 06/25/2025 (MT Newswires) -- Matador Technologies ( MATAF ) , which rose 17% on Tuesday, said on Wednesday that it acquired an 8.4 bitcoin for $1.2 million, bringing its Bitcoin holdings (and Bitcoin equivalents) to approximately 77 bitcoin.

The company said it acquired the 8.4 bitcoin at an average price of US$104,914 apiece, inclusive of fees and expenses.

A company statement noted that the purchase was made following a recent market correction, in line with its Bitcoin acquisition policy, further reinforcing its conviction in Bitcoin as a long-term asset.

"The Company intends to continue increasing its Bitcoin position to align itself with the global shift to sound money assets," said Matador Technologies ( MATAF ) Chief Visionary Officer, Mark Moss.

The company also said that it received conditional approval from the TSX Venture Exchange on June 20, regarding its proposed Change of Business to a Tier 2 hybrid Investment/Technology Issuer.