Matador Technologies Amends Debt Deal, Buys $10.5M in Bitcoin
Matador Technologies Inc. has revised its $100 million convertible debt agreement with ATW Partners. The initial $10.5 million tranche will be used exclusively for purchasing Bitcoin (BTC).
The updated terms remove previous stipulations regarding future BTC holdings. The convertible notes will carry an 8% interest rate, decreasing to 5% if Matador uplists to Nasdaq or NYSE, and increasing to 18% in case of default. The initial conversion price is $0.529 per share. This move signals Matador's aggressive strategy to bolster its Bitcoin treasury.


Cryptovka
Matador Technologies Amends Debt Deal, Buys $10.5M in Bitcoin
Matador Technologies Inc. , a Canadian-listed company focusing on Bitcoin, has revised its $100 million convertible debt agreement with ATW Partner...








