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Canadian tech company Matador, which has incorporated Bitcoin into its corporate treasury, raised an additional 4 million CAD.
PANews, May 23 - Canadian tech company Matador, which has incorporated Bitcoin into its corporate treasury, announced plans to raise an additional 4 million CAD through a private sale. It is reported that the company will issue up to 6,451,613 common shares and may choose to increase the issuance by up to 15% for an over-allotment to facilitate financing. According to previous news, Matador announced in mid-month that it plans to raise 3 million Canadian dollars, and part of the net proceeds will be used to increase its holdings of Bitcoin.