Matador Technologies Acquires 2 Bitcoin Using ATM Program Proceeds and Deploys Holdings into Yield Generation Strategy with Galaxy

TORONTO, ON / ACCESS Newswire / April 17, 2026 / Matador Technologies Inc. ("Matador" or the "Company") (TSXV:MATA)(OTCQB:MATAF)(FSE:IU3), the Bitcoin Ecosystem Company, is pleased to announce the acquisition of 2.0 Bitcoin using proceeds from its C$30 million at-the-market equity program (the "ATM Program"), with the acquired Bitcoin being allocated to the Company's recently launched yield generation strategy in collaboration with Galaxy Digital Holdings Ltd. ("Galaxy").

Strategic Bitcoin Acquisition

The Company acquired 2.0 Bitcoin at an average price of approximately US$74,906 per Bitcoin, inclusive of fees and expenses. The acquisition was funded using proceeds raised under the ATM Program, which was established pursuant to an equity distribution agreement with ATB Cormark Capital Markets (the "Agent") announced on February 3, 2026. Following this acquisition, the Company holds approximately 168.2 Bitcoin and 7.4 Bitcoin equivalents, for a combined total of approximately 175.6 Bitcoin and Bitcoin equivalents. Bitcoin equivalents are calculated as the book value of the Company's Satoshi assets divided by the underlying Bitcoin price at the time of calculation.

The ATM Program provides Matador with the flexibility to raise equity capital in a measured and opportunistic manner, enabling the Company to convert fiat into Bitcoin during periods it considers to be favorable, while minimizing dilution through disciplined, market-responsive issuances. Under the ATM Program, the Company may offer and sell common shares to raise aggregate gross proceeds of up to C$30 million, with sales conducted at prevailing market prices on the TSX Venture Exchange. The Company retains full discretion over the timing and volume of any sales under the ATM Program.

Bitcoin Per Share Update

The Company remains focused on increasing Bitcoin per Share ("BPS"), which management considers a key operational metric in evaluating the Company's Bitcoin treasury strategy. BPS is calculated as the Company's total Bitcoin and Bitcoin equivalents divided by the basic number of common shares outstanding.

Following the acquisition described above, the Company holds approximately 175.6 Bitcoin and Bitcoin equivalents. Based on 118,617,101 common shares outstanding as of April 16, 2026, BPS stands at approximately 0.00000148 Bitcoin per share. This represents an increase of approximately 101% in BPS compared to approximately 0.00000074 Bitcoin per share as at October 31, 2025, the Company's most recent audited fiscal year-end.