Matador Technologies, a publicly traded company, has increased its Bitcoin holdings to 175.

Odaily Planet Daily reports that Matador Technologies Inc. announced that as of November 18, 2025, its Bitcoin holdings had increased to approximately 175 BTC, a 767% increase from 20 BTC at the qualifying trading point. In terms of capital operations, Matador has completed the first $10.5 million drawdown under its $100 million guaranteed convertible bond facility with ATW Partners. Furthermore, the company raised CAD 7.6 million in equity through a private placement this year, added strategic investors including Arrington Capital and the Bitcoin Opportunity Fund, selected BitGo Trust for Bitcoin custody, and is progressing with its Nasdaq listing plans. (Globenewswire)

Previously, on November 10, Bitcoin treasury company Matador Technologies announced that it had completed a $10.5 million financing round through a convertible bond issuance. The new funds will be used to further increase its Bitcoin holdings. The company stated that it plans to increase its Bitcoin holdings to 1,000 in 2026 and expand to 6,000 in 2027.