Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF), a Bitcoin-focused tech and investment company, just announced a non-brokered private placement of up to 5,454,546 units priced at $0.55 each. The total amount Matador expects to raise is up to C$3,000,000 in gross proceeds.

The funds raised will be allocated into three equal parts. One-third will be used to buy Bitcoin, which lines up with the company’s continued interest adding to their Bitcoin reserves. Another third will go toward expanding their gold acquisition plans and growing the Grammies business initiative. The final third will cover general corporate needs—things like operations,…

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