09:28 AM EST, 11/11/2025 (MT Newswires) -- Matador Technologies ( MATAF ) , which rose 8% from near 52 week lows yesterday, on Tuesday said it had closed its prior disclosed US$100 million secured convertible note facility with ATW Partners and completed its first drawdown under the facility to acquire 92 bitcoin for C$13.2 million (US$9.5 million).

The company said that the bitcoin was purchased through Netcoins, owned by BIGG Digital Assets Inc. ( BBKCF ) , and FalconX at an average price of US$102,752 per bitcoin, inclusive of fees and expenses.

A statement noted that BitGo will also secure all bitcoin holdings in qualified custody through its regulated entity, BitGo Trust Company, Inc. Under the terms of the facility, proceeds are restricted to purchasing Bitcoin for Matador's balance sheet.

Following this acquisition, Matador more than doubles its total Bitcoin holdings to approximately 175 bitcoin (and Bitcoin equivalents), stated the company.

Matador said it also filed an amended and restated preliminary short-form base shelf prospectus for C$500 million on Oct. 8, 2025, which the company said, subject to applicable regulatory approvals and final documentation will provide it with additional flexibility in its capital-markets programs.

"Completing a $100 million financing and deploying it into Bitcoin in the current market environment speaks to both our conviction and our ability to get things done," said Matador Technologies' ( MATAF ) Chief Executive Officer, Deven Soni. "This financing reinforces Matador's position as an active participant in the Bitcoin treasury landscape."