TORONTO, May 29, 2025 – In a bold step to seize opportunities in one of the world’s fastest-growing digital markets, Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF) has entered into a binding letter of intent (LOI) to invest in HODL Systems, a publicly traded Indian technology company pioneering digital asset treasury strategies. This move positions Matador to tap into India’s vast potential, bringing its cutting-edge digital gold product to a nation renowned for its gold ownership and youthful, tech-savvy population.
Under the LOI, Matador will invest up to USD$3,200,000 through a share warrant structure, securing up to a 24.95% ownership stake in HODL upon full exercise. This investment marks a pivotal step in Matador’s mission to deepen its presence in the global digital asset ecosystem. Alongside this, a planned licensing agreement will enable HODL to distribute Matador’s proprietary digital gold platform and Ordinals technology across India, amplifying access to blockchain-based financial solutions in a key growth region.
As part of its long-term strategy, HODL is adopting a digital asset treasury approach—aiming to become India’s leading public company focused on holding and managing digital assets on its balance sheet. By integrating digital assets into its core treasury and leveraging it to support strategic investments and decentralized financial tools, HODL is establishing a new benchmark for digital-native capital management in emerging markets.
India’s market offers unparalleled opportunity. With households holding over 25,000 tonnes of gold—making it the world’s largest private gold-owning country—and a demographic where more than 65% of the population is under 35, the demand for innovative, digital investment tools is surging. Matador’s digital gold platform, which allows users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals, is tailor-made for this digitally native audience.
“This strategic investment in HODL underscores our commitment to expanding our footprint in high-growth markets and advancing the adoption of digital asset-centric financial strategies,” said Deven Soni, CEO of Matador Technologies Inc. “By partnering with HODL, we are poised to deliver innovative digital asset solutions to the Indian market, aligning with our mission to drive global financial inclusion through decentralized technologies.”
Mark Moss, Chief Visionary Officer, added: “At Matador, we believe the next wave of global financial infrastructure will be built on digital assets. By aligning with HODL, we’re not just expanding geographically—we’re expanding the reach of the digital assets’ ecosystem into a key innovation hub.”
Matador Technologies Inc. stands at the forefront of the Bitcoin ecosystem, holding Bitcoin as its primary treasury asset while developing products to enhance the network. Its flagship Digital Gold Platform bridges traditional value with decentralized technology, offering a modern way to engage with gold. This investment and partnership with HODL signal Matador’s intent to drive long-term shareholder value through strategic global expansion.
The first tranche of the investment is slated to close by July 10, 2025, pending customary conditions and regulatory approvals, including from the TSX Venture Exchange.
Cautionary Statement Regarding Forward-Looking Information
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
Forward-looking statements in this release involve risks and uncertainties, including the completion of the HODL transaction, receipt of regulatory approvals, and the successful launch of Matador’s products in India. Readers are cautioned not to place undue reliance on such statements, as actual results may differ due to factors beyond the Company’s control.
For more details, contact Sunny Ray, President, at sunny@matador.network or 647-496-6282
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