PANews reported on May 23 that Matador, a Canadian technology company that has included Bitcoin in its corporate treasury, announced that it plans to raise an additional 4 million Canadian dollars through private placement. It is reported that the company will issue up to 6,451,613 common shares and may choose to increase the issuance volume by up to 15% for over-allotment to raise funds.

According to previous news, Matador announced in the middle of this month that it plans to raise 3 million Canadian dollars, and part of the net proceeds will be used to increase Bitcoin holdings.