Matador Technologies secured a $100 million convertible note facility with ATW Partners to expand its Bitcoin holdings. The model has proven attractive to institutional investors seeking Bitcoin exposure through fixed-income instruments, as its predecessor, Strategy, showed conviction in Bitcoin’s long-term value proposition. Convertible Debt Model Scales Across Market Caps Strategy pioneered the convertible note approach for Bitcoin acquisition, establishing the blueprint that smaller companies now follow. Matador Technologies represents the next wave of companies adopting this model
source: https://beincrypto.com/wall-streets-new-bitcoin-whale-firm-locks-100m-to-stack-btc-plans-1-of-supply/