The Canadian publicly listed company Matador intends to raise up to 900 million CAD to establish a Bitcoin reserve.

BlockBeats News, July 14th, according to globenewswire report, Bitcoin ecosystem company Matador Technologies Inc. (TSXV:MATA, OTCQB:MATAF, FSE:IU3) announced that it has filed a preliminary short form base PREP prospectus (the "PREP Prospectus") with the securities commissions in each of the provinces of Canada (except Quebec).

The PREP Prospectus is subject to review by regulatory authorities. If approved, the final version of the PREP Prospectus will enable Matador to issue, over a 25-month period, up to an aggregate of CA$900 million of common shares, debt securities, subscription receipts, warrants, units, or any combination thereof, collectively referred to as "Securities." Specific details of the offering will be disclosed in a prospectus supplement filed by the Company with the relevant Canadian securities regulatory authorities.

The Company's management believes that the PREP Prospectus will help the Company efficiently raise funds to seize future growth opportunities, execute strategic acquisitions, and increase its Bitcoin reserve assets.