Odaily Planet Daily News Matador Technologies announced that it has issued senior secured convertible bonds with an aggregate principal amount of US$10.5 million and currently holds approximately 168 Bitcoins. The company funds its Bitcoin treasury through common stock and secured convertible debt. The issuance is part of its $100 million secured convertible debt facility, with the remaining $89.5 million available for drawdown in tranches subject to regulatory approvals and other conditions. The company currently has average monthly cash operating expenses of approximately C$125,000, with plans to further reduce this to approximately C$100,000. The company's shareholders will vote on the creation of a new class of preferred stock on Oct. 14.
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