Riot Platforms Acquires 5,117 Bitcoin For $510Million
Posted On December 13, 2024
Bitcoin mining company Riot Platforms (NASDAQ:RIOT) on Friday announced the acquisition of 5,117 Bitcoin (CRYPTO: BTC) for $510 million.
The purchase, funded through the net proceeds of the company’s recent $525 million, 0.75% coupon convertible bond issuance, was made at an average price of $99,669 per Bitcoin, inclusive of fees and expenses.
The recently announced private offering, set to mature in 2030 with a 0.75% interest rate, is intended to support further Bitcoin purchases and general corporate …
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