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

Source
Minseung Kang
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  • 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.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

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.

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minriver@bloomingbit.ioBloomingbit reporter