Wall Street’s Latest Bitcoin Whale: Matador’s $100M Bet & Ambitious Plan to Own 1% of BTC

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Matador Technologies just got a cool $100 million convertible note from ATW Partners to stack up on Bitcoin. Because, why not?

This move is absolutely dazzling for institutional investors who are basically looking for a fancy way to dip their toes into Bitcoin without actually, you know, touching it. Matador’s doing what Strategy did, but with an extra sprinkle of “we’re definitely going to make this a thing.”

Convertible Debt: The Fancy Way to Buy Bitcoin Without Getting Diluted

So, this whole convertible note thing? Matador’s not reinventing the wheel-they’re just making it shinier. Strategy pioneered this move for Bitcoin, and now smaller companies (like Matador) are hopping on the bandwagon. They’ve locked down $100 million with ATW Partners, and guess what? They’re going to spend at least $10.5 million of that on you guessed it more Bitcoin.

The notes come with an 8% interest rate-because, who wouldn’t want to be paid for your debt? And, if Matador goes public? Well, that interest rate drops to a comfy 5%. Oh, and just in case you were wondering, their long-term goal is to hold 1% of the total Bitcoin supply. Casual, right?

The idea is that convertible notes give Matador a little more freedom to raise money without flooding the market with shares (yay, no shareholder drama!). And, if things go south, note holders can still enjoy the upside of conversion rights. Everyone’s a winner, folks.

Matador’s first $10.5 million is expected to convert to around $0.53 per share-just don’t get your hopes up for it to stay that way forever. Conversion mechanics can get funky depending on where they list. But, hey, up to $89.5 million more can be drawn if they need more cash. The future looks… interesting.

Volatility? Pfft. It’s Just Another Day in Bitcoin Land

Now, let’s talk numbers because, you know, we all love a good profit. Strategy’s latest Q3 2025 earnings showed they hold a whopping 640,808 BTC, which is more than 3% of all Bitcoin in circulation. In case you’re wondering, they made $2.8 billion in net income in just one quarter. Not bad for a “volatile” asset, huh?

But here’s where it gets juicy. While retail investors are freaking out over market dips (hey, those Bitcoin ETFs saw $1.15 billion in withdrawals last week), corporate players like Matador are just stacking away. Matador’s big move came during a “correction” period. Because why not buy low when the market’s, you know, crying?

This move is all about long-term conviction, which is just a fancy way of saying, “We’re not scared of the ups and downs. We’ve got a bigger plan.” Strategy’s been buying up Bitcoin during every dip, and guess what? It’s working. Bitcoin always comes back. 🙄

Institutional Bitcoin: Now With More Collateral!

Okay, so you’re probably wondering: What’s backing all this fancy corporate Bitcoin talk? Well, Matador’s notes are secured by a nice little pile of Bitcoin collateral-about 150% of the initial principal. So, no risk, right? Well, kind of. It’s just their way of saying, “Hey, we’ve got your back if things get messy.”

Strategy, ever the overachiever, managed to get a B- issuer credit rating from S&P. Because, yeah, apparently that’s a thing now. They also introduced four new digital credit instruments-super fun stuff like tax-deferred dividends and high-yield options. Except for the whole “Bitcoin not being recognized as capital” thing, but who’s counting?

And here’s a fun tidbit: ATW Partners, who helped Matador with this deal, is now officially the go-to guy for all things Bitcoin finance. Who says you can’t teach an old institutional investor new tricks? This is the future of corporate finance, folks. Look alive, because Bitcoin’s not going anywhere anytime soon. 🤑

Matador’s Bitcoin treasury strategy, first announced in December 2024, has now reached new heights. What started as a modest $4.5 million bet is now a full-blown game plan to own a significant chunk of Bitcoin. And we’re all just lucky enough to watch it unfold.

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2025-11-04 05:57