PANews reported on May 29 that according to GlobeNewswire, Bitcoin technology company Matador Technologies Inc (TSXV: MATA) announced the completion of the second round of non-broker private placement, issuing 2,588,955 units at a price of 0.55 Canadian dollars per share, raising 1,423,925 Canadian dollars. Together with the first round of issuance completed on May 26, the company issued a total of 5,452,773 units, raising a total of 2,999,025 Canadian dollars. Each unit contains 1 common share and 0.5 warrants, and each full warrant can subscribe for additional shares at 0.75 Canadian dollars within 12 months. The funds raised will be used in three aspects: Bitcoin acquisition, gold business promotion and general corporate purposes.

Earlier on May 27 , it was reported that Matador completed private placement financing of approximately 1.575 million Canadian dollars to support the purchase of Bitcoin.