PANews reported on November 10th that, according to GlobeNewswire, Matador Technologies Inc. announced it has completed its first tranche of convertible bond financing, raising $10.5 million with ATW Partners, to increase its Bitcoin holdings. The company plans to use this facility to purchase up to 1,000 BTC by 2026 and accumulate 6,000 BTC by 2027, aiming to rank among the top 20 global corporate Bitcoin holders. The convertible bonds have an annual interest rate of 8%, which will decrease to 5% if the company successfully transfers its listing from TSX Venture to Nasdaq or the NYSE.