Matador Technologies Slashes Bitcoin Targets After $100-Million Note Deal

Matador Technologies Inc., a digital asset treasury company based in Toronto, has scaled back its ambitious Bitcoin targets following a $100-million note deal and a gold spin-out. The company originally planned to hold 6,000 BTC by 2027 and '1 per cent of Bitcoin's supply', but after regulators required corrective disclosure around the note facility, it reduced its targets.

In July 2025, Matador's board approved a long-term Bitcoin acquisition strategy targeting accumulation of up to 6,000 BTC by 2027. However, with only 175.6 BTC held following incremental purchases, the company has adjusted its ambitions. The new target is not disclosed in the source.

The $100-million note facility with ATW Partners, signed on November 3, 2025, carries an 8% annual interest rate and requires 150% Bitcoin collateral for the first tranche. Proceeds are earmarked exclusively for Bitcoin purchases. The corrected announcement removed prior references to the 6,000-BTC target and pursuing roughly 1% of Bitcoin's total supply.

Matador has also announced its intention to spin off a separate gold treasury business, GODL Corp., which aims to 'maximise gold ounces per share' using physical and tokenised gold holdings. The market reaction was negative, with the stock down over 24% on the announcement day.