Matador Technologies plans to raise an additional $75 million to increase its Bitcoin holdings.

Odaily Planet Daily reports that Canadian-listed Bitcoin treasury company Matador Technologies has announced a revision to its previously announced $100 million convertible note financing agreement. The revision discloses that it has signed registration agreements with investors to raise a total of $75 million through the issuance of additional notes. These funds will be used to purchase Bitcoin for Matador's balance sheet. However, Matador Technologies removed its previously announced plan to hold 6,000 Bitcoins by 2027 from its latest disclosure. (Globenewswire)