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Bitcoin company Matador completes three rounds of financing, raising a total of 4.6 million Canadian dollars for Bitcoin acquisition.
Bitcoin technology company Matador Technologies Inc (TSXV: MATA) announced that it has closed the final round of its non-brokered private placement to raise C$1,455,700 through the issuance of 2,347,903 units at a price of C$0.62 per share. To date, the company has raised a total of C$4.6 million through the issuance of 7,419,354 units through three rounds of financing. The company said the funds raised will be used for the Bitcoin acquisition plan. The previous two rounds of funding were completed on May 30 and June 4, respectively, and the private placement was initially announced on May 22.