Summary
- Riot Platforms announced the issuance of $525 million in convertible bonds to purchase Bitcoin.
- The bonds will be sold privately only to qualified institutional investors.
- It was confirmed that approximately 700 Bitcoins were accumulated the previous day.
Riot Platforms, a leading Bitcoin (BTC) mining company in the United States, is issuing convertible bonds to purchase Bitcoin.
On the 11th, Crypto Briefing reported, citing Securities and Exchange Commission (SEC) documents, that Riot Platforms is raising $525 million through the issuance of convertible bonds. The original issuance size was $500 million, but it has been increased to $525 million.
These bonds will be sold privately only to qualified institutional investors. Riot Platforms has stated that part of the net proceeds from the bond sales will be used to purchase Bitcoin.
Meanwhile, on-chain data indicates that Riot Platforms accumulated approximately 700 Bitcoins the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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