Matador Technologies plans to issue 900 million Canadian dollars in securities to lay out Bitcoin asset reserves.

[Coin World] Coin World reported on July 14th that, according to an official announcement, the Canadian listed company Matador Technologies Inc. has submitted a preliminary simplified prospectus to the securities regulators of all provinces in Canada except Quebec. If approved, the final simplified prospectus will allow Matador to issue, on an irregular basis over 25 months, common shares, debt securities, warrants, subscription rights, securities, or any combination of the above securities, with a total amount of up to 900 million Canadian dollars. The company's management believes that the simplified prospectus will enable the company to efficiently raise funds to seek future growth opportunities, conduct strategic acquisitions, and accumulate Bitcoin asset reserves.