Riot Platforms Issues Convertible Bonds to Purchase 667 Bitcoin (BTC)

Minseung Kang

Summary

Riot Platforms announced that it issued convertible bonds worth $594 million to purchase 667 BTC.
With this BTC purchase, Riot Platforms now holds a total of 17,429 BTC, amounting to approximately $1.8 billion.
This move is seen as a strategic decision by Riot Platforms to increase its Bitcoin holdings.

Riot Platforms, a leading Bitcoin (BTC) mining company in the United States, announced that it has issued convertible bonds to purchase an additional 667 BTC.

On the 16th, Riot Platforms stated on X (formerly Twitter), "We issued convertible bonds worth $594 million to purchase 667 BTC at an average price of $101,135."

Riot currently holds a total of 17,429 BTC, which is approximately $1.8 billion.

BTC

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

Riot Platforms Issues Convertible Bonds to Purchase 667 Bitcoin (BTC)

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