Riot Platforms raising $500M to buy Bitcoin amid price surge

Riot Platforms, MicroStrategy Ramp Up Bitcoin Holdings

Riot Platforms and MicroStrategy are boosting their Bitcoin reserves as the leading cryptocurrency reaches its all-time high.Riot intends to issue $500 million in convertible senior notes due 2030, targeting qualified institutional buyers with an additional $75 million option available to initial purchasers within three days of issuance. These notes will mature on 15 January 2030."Riot plans to use the proceeds from this offering to expand its b…

Riot Platforms Announces $500M Convertible Notes Offering for Bitcoin and Corporate Use – MAXBIT

Riot Platforms, Inc. has announced plans to raise $500 million through a private offering of convertible senior notes.  Riot Announces Proposed Private Offering of $500 Million of Convertible Senior Notes. ​ Net proceeds from this offering to be used primarily to acquire bitcoin and for general​ corporate purposes. ​ Link to press release: https://t.co/z7xQaB9eC4. —...

What's Next for Bitcoin? Riot Platforms Raises $500M to Invest in Crypto's Rise

The crypto market is once again making headlines, with Riot Platforms announcing its intention to raise $500 million to acquire more Bitcoin. This decision comes during a historic rally in the cryptocurrency ecosystem, as Bitcoin's price recently reached an all-time high. Riot's move reflects growing confidence in Bitcoin's long-term potential, even as the stakes continue to rise. In a recent update, Riot Platforms revealed plans to raise the ca…

Riot Platforms to Raise Funds for Bitcoin Acquisition

Riot Platforms, Inc. announced a proposed $500 million private offering of convertible senior notes to fund bitcoin acquisitions and corporate initiatives. Riot Announces $500 Million Private Note Offering Riot Platforms, Inc. (Nasdaq: RIOT), a bitcoin mining company, disclosed plans for a $500 million private offering of convertible senior notes due 2030. The offering, subject to […]

Riot Platforms to Raise Funds for Bitcoin Acquisition - Coin Surges

Riot Platforms, Inc. announced a proposed $500 million private offering of convertible senior notes to fund bitcoin acquisitions and corporate initiatives. Riot Announces $500 Million Private Note Offering Riot Platforms, Inc. (Nasdaq: RIOT), a bitcoin mining company, disclosed plans for a $500 million private offering of convertible senior notes due 2030. The offering, subject to […] Read Entire Article The post Riot Platforms to Raise Funds …

Riot Platforms Announces $500M Convertible Notes Offering for Bitcoin and Corporate Use

Riot Platforms, Inc. has announced plans to raise $500 million through a private offering of convertible senior notes. Riot Announces Proposed Private Offering of $500 Million of Convertible Senior Notes. ​Net proceeds from this offering to be used primarily to acquire bitcoin and for general​ corporate purposes. ​Link to press release: https://t.co/z7xQaB9eC4.— Riot Platforms, Inc. (@RiotPlatforms) December 9, 2024 The proceeds are earmarked fo…