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Matador Technologies, a Canadian Bitcoin firm, is setting out to boost its crypto stash in a big way. The company now holds 77.4 BTC but plans to scale that to 1,000 units by the end of 2026.

Based on reports, it has also filed a CAD $900 million shelf prospectus in Canada that could back up to 6,000 BTC in total purchases by 2027. Short‑term targets mix with long‑term vision.

Board Sets Clear Targets

According to Matador’s recent announcement, the Toronto‑based company wants to own roughly 1% of all Bitcoin. That level would slot it into the top 20 public companies holding the top crypto asset worldwide.

To hit that mark, Matador is working toward an interim goal of 1,000 BTC by December 31, 2026. Then it will push on toward as many as 6,000 BTC by the end of 2027—if market prices and financing line up.

$MATA Board just green-lit our long-term #Bitcoin treasury strategy!
1,000 BTC by 2026 | 6,000 BTC by 2027
Goal: own ~1 % of Bitcoin’s fixed supply
Current stash ≈ 77.4 BTC
BTC-denominated products → more BTC on the balance sheet

Matador Technologies — shaping…

— Matador Technologies (@buymatador) July 16, 2025

A Layered Funding Strategy

Matador won’t rely on a single funding source. It plans at‑the‑market equity offerings alongside convertible financings. Sale of non‑core assets will add capital.

The company may tap BTC‑backed credit lines and look for acquisitions or partnerships to raise more funds. Management says it will weigh each purchase against price, timing, and impact on Bitcoin per share. That way, every deal counts toward boosting holdings without veering off course.

Expanding Into New Markets

The company’s playbook isn’t just about buying Bitcoin. It features a four‑part “compounding flywheel.” First, Matador will build its reserve. Next, it will seek yield through volatility‑based tools and synthetic mining. Then it plans Bitcoin‑denominated products for investors.

Finally, it aims to back blockchain infrastructure and DeFi startups. In June 2025, Matador broke ground in Europe with its Frankfurt listing under “IU3,” and it also moved into India, taking a 24% stake in HODL Systems.

Growth Among Peers

Matador joins a growing crowd of public firms stocking up on Bitcoin. US‑based Semler Scientific has outlined plans to add about 105,000 BTC by 2027 under a new Director of Bitcoin Strategy.

Tokyo‑listed Metaplanet already passed its own 10,000 BTC target for 2025 and is racing toward 210,000 BTC by the end of 2027. Each company uses equity, debt, or operating cash flow to fuel its buys.

Matador’s leadership says every step will hinge on market moves, investor interest, and regulatory approval. That mix of factors could speed up or slow down the plan. But with clear milestones and a multi‑channel funding roadmap, the Canadian Bitcoin firm is betting it can build a strong reserve.

Featured image from Unsplash, chart from TradingView

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Canadian fintech Mogo announced on July 2 that its board had cleared up to $50 million for staged Bitcoin purchases as a long-term treasury reserve, prompting its shares to jump 140% at market opening on the Toronto Stock Exchange.

MOGO closed July 1 priced at 1.74 Canadian dollars, worth roughly $1.28. It opened on July 2, priced at 4.18 Canadian dollars, equivalent to $3.08. The move is the largest daily increase in Mogo’s shares since 2021.

As of press time, MOGO was trading at 3.60 Canadian dollars, up roughly 107% over the past 24 hours.

The firm told investors it will fund the allocation with surplus cash and future portfolio monetizations once the WonderFi–Robinhood sale closes in the second half of 2025.

Management expects to hold approximately $50 million in cash and investments at that point. It plans to convert the balance into Bitcoin in tranches, while maintaining sufficient working capital for its lending, wealth management, and payments arms.

President and co-founder Greg Feller said the move continues a crypto strategy that began with Canada’s first retail Bitcoin account in 2018 and the firm’s initial balance sheet purchase in 2020.

Bitcoin reserve and capital benchmark

Management will now test every deployment of corporate capital, such as mergers, product investments, and share buybacks, against an internal Bitcoin hurdle rate and will reject projects expected to yield returns that lag behind the asset’s long-term return. 

Feller called the rule “a new bar for capital discipline” and framed it as a hard-coded check on incremental spending.

CEO David Feller linked the policy to Mogo’s “Warren Buffett” behavioral framework, which stresses long-horizon decisions and mental focus. 

The company will embed Bitcoin across its businesses in a “Wealth” model, consisting of a 60/40 equity and Bitcoin portfolio on the $400 million assets under management platform, and a lending arm with collateralised BTC loans aimed at lower borrowing costs.

Furthermore, an effort to explore stablecoin rails will focus on $12 billion in annual cross-border volume.

Mogo holds minority stakes in Gemini and Hootsuite, which it can liquidate to accelerate purchases. It also retains indirect exposure through a 12% stake in WonderFi, the parent of Canada’s largest independent crypto exchange.

Foreign exporters are reportedly less interested in being paid in US dollars due to the currency’s recent volatility, according to US Bank.

Paula Comings, head of FX sales at US Bank, says in a new interview with Bloomberg that American importers have been reporting to her that their foreign export partners want to be paid in the euro, Chinese renminbi, the Mexican peso and the Canadian dollar.

Comings notes that exporters want to limit their exposure to the dollar’s price movement.

“A lot of clients previously were reluctant because dollars were sacred in the eyes of the supplier. Now the vibe from overseas vendors seems to be, ‘Just give us our currency.’”

For example, one US Bank client, a lumber company from the Midwest, now uses euros to purchase hardwood imports from Europe, while a second, a homeware retailer, now plans to pay for imports from China with yuan. Both firms previously used dollars to pay exporters.

The US Dollar Index (DXY) is trading at 98.92 at time of writing. The index is up 5% in the past five days but down nearly 9% year to date.

US Bank has $659.191 billion in total assets as of March 31st, 2025, per statistics from the Federal Reserve.

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Newly elected Canadian Prime Minister Mark Carney, who recently won a leadership contest of the Liberal Party to replace Justin Trudeau, has dramatically increased his odds of winning the next federal election in the eyes of Polymarket bettors.

Carney now has a 49% chance of winning the next Canadian election, compared to 26% a month ago. Conservative opposition leader Pierre Poilievre’s chances are at 51%, down from 72% in February.

The next Canadian federal election is scheduled to occur on October 20, 2025.

However, under Canada’s Westminster system, if the opposition Conservatives and NDP jointly vote against the minority Liberal government on a confidence motion after Parliament resumes from prorogation on March 24, requested by Trudeau on Jan. 6, as he announced his resignation plans pending a new Liberal leader, the government would fall, triggering an election.

Carney closing the gap against Poilievre on Polymarket – despite a lag between prediction markets and the polls – echoes what the polls are showing.

The Conservatives are just one percentage point ahead of the Liberals, according to Canadian pollster Nanos Research, down from nearly a 16-point lead a month ago according to a polling average.

Observers credit this dramatic shift to trade threats from the U.S., with pollsters indicating Canadians prefer Carney’s business sense and central bank experience over his opponent.

This is all a bit of a contrast to last year’s U.S. election, where prediction markets consistently showed that then-Republican candidate Donald Trump had a lead over his Democratic opponents.

The election result, as CoinDesk wrote in an editorial at the time, was only a surprise to those who get their information from CNN.

Crypto on the Canadian campaign trail?

Crypto doesn’t seem to be a major plank of a hypothetical Canadian election. While Poilievre holds a Canadian-issued BTC ETF, according to disclosures, and has previously made pro-blockchain and crypto comments, most of the campaign rhetoric appears to be about the trade war.

Likewise, Carney, who has made mixed if not skeptical comments on crypto in his role as Bank of England governor hasn’t yet spoken about the topic in his new role as Liberal leader.