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Matador Technologies Launches Bitcoin Yield Strategy With Galaxy
Bitcoin treasury firm Matador Technologies (TSXV: $MATA) said Tuesday it was collaborating with Galaxy Digital (NASDAQ: $GLXY) to launch a Bitcoin yield generation program.
According to the press release, Matador says it will execute covered calls and other options strategies to generate yield on an initial allocation of up to 20 Bitcoins (CRYPTO: $BTC).
The Toronto-based company is looking to transition from a passive holding model to an active yield-producing strategy by leveraging Galaxy’s institutional-grade financial services without liquidating its long-term position.
"This initiative aligns seamlessly with Matador's focus on driving long-term shareholder value while maintaining capital efficiency," the company stated in its official release. "By collaborating with Galaxy, an established leader in digital asset financial services, Matador aims to safely enhance its treasury returns while maintaining robust risk management."
The company, which recently established a C$30 million at-the-market equity program, maintains a target of holding 1,000 Bitcoin in its treasury by the end of 2026. As of early 2026, the firm held approximately 175 Bitcoin.
Matador also announced a key change to its executive leadership. Geoff St. Clair has been promoted to Chief Financial Officer. St. Clair, who has served as Vice President of Finance since the company’s inception in 2021, succeeds Jing Peng, who resigned to pursue other opportunities.
The company recently expanded its global footprint by securing a 24% ownership stake in HODL Systems, a digital asset treasury firm based in India.
Shares of Matador Technologies are trading at $0.055 cents on the Toronto Venture Exchange.
This article has been published in cryptoprowl.com via Yahoo News.
Matador Technologies Launches Bitcoin Yield Strategy With Galaxy
Bitcoin treasury firm Matador Technologies (TSXV: $MATA) said Tuesday it was collaborating with...
finance.yahoo.com
