Canadian Bitcoin solutions company Matador Technologies has announced plans to acquire up to 6,000 Bitcoin by 2027, positioning itself as one of the world’s top corporate BTC holders. The publicly traded firm, currently holding 77.4 BTC worth around $9 million, outlined its phased treasury strategy starting with a short-term goal of accumulating 1,000 BTC by 2026.

CEO Deven Soni emphasized that Matador is not just storing Bitcoin but embedding it into its operational and infrastructure roadmap. This broader approach aligns with the company's evolution into a hybrid “technology/investment issuer,” a move approved by the Canadian TSX Venture Exchange earlier this month.

To finance the strategy, Matador filed a CAD $900 million (USD $656 million) shelf prospectus, granting it funding flexibility for the next two years. The firm plans to raise capital through equity offerings, Bitcoin-backed loans, asset sales, convertible financings, and strategic partnerships.

At the core of Matador’s approach is what it calls a “Bitcoin compounding flywheel” strategy. This includes boosting BTC-per-share value, generating yield through volatility strategies and synthetic mining, building Bitcoin-native revenue applications, and supporting the ecosystem through infrastructure and DeFi collaborations.

Chief Visionary Officer Mark Moss explained the strategy is aimed at creating long-term balance sheet stability and inflation protection. Despite the announcement, Matador’s stock dipped 4.65% on the day but remains up nearly 37% year-to-date.

Bitcoin treasuries are surging globally. Over 1.15 million BTC—nearly 6% of total supply—are now held by corporations, driven by the influence of MicroStrategy’s high-profile accumulation strategy. Matador hopes to join these ranks in the coming years.