Matador Technologies Inc. Receives Final Approval for Strategic Business Shift
Toronto, July 2, 2025 — Matador Technologies Inc. (“Matador” or the “Company”), a company listed on the TSX Venture Exchange (TSXV: MATA), has announced that it has received final approval from the TSX Venture Exchange for its Change of Business (“COB”) to a hybrid “Technology / Investment” issuer. This pivotal approval marks a significant transition for Matador, enabling it to fully embrace its strategy as a Bitcoin Ecosystem Company.
With this approval, Matador is now authorized to hold, acquire, and invest in Bitcoin and Bitcoin-native ventures. The company has already made substantial progress in this direction, currently holding 77.4 Bitcoin and Bitcoin equivalents. This portfolio was bolstered by a recent purchase of 8.4 BTC, valued at CAD$1.2 million.
The strategic shift allows Matador to pursue various investment opportunities, including a proposed 24% ownership stake in the Indian digital asset firm HODL Systems, pending further TSXV approval. This move is part of Matador’s broader strategy to diversify its balance sheet, which now includes Bitcoin holdings, cash reserves, and physical gold.
Matador’s transition is supported by a seasoned Strategic Advisory Board, featuring industry veterans such as David Bailey and Dave Forestell. This board is expected to provide valuable guidance as the company navigates its new strategic direction.
As of June 29, 2025, Matador’s close price stood at CAD 1.12, with a 52-week high of CAD 2.02 and a low of CAD 0.11. The company’s market capitalization is currently valued at CAD 119,516,139.
This strategic shift positions Matador Technologies Inc. at the forefront of the evolving digital asset landscape, with a clear focus on leveraging opportunities within the Bitcoin ecosystem.