Riot Platforms Strengthens Bitcoin Reserves with $510 Million Purchase

Bitcoin miner Riot Platforms has significantly expanded its BTC holdings. As of December 12, it acquired 5,117 BTC for $510 million. This purchase, at an average price of $99,669 per Bitcoin, brings Riot’s total holdings to 16,728 BTC. The acquisition was funded through proceeds from the company’s 0.75% convertible senior notes due 2030 and existing cash reserves. Riot’s Bitcoin Holdings Reach... source: https://beincrypto.com/riot-platforms-510-million-bitcoin-purchase/