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Riot, Bitcoin
Riot Platforms raising $500M to buy Bitcoin amid price surge
Riot Platforms has announced that it proposes to raise $500 million to buy more Bitcoin. The company may conduct a private bond issue for qualified institutional investors. Its decision comes as Bitcoin hovers around its all-time high and other industry heavyweights have made large acquisitions at top price.
Riot Platforms To Raise $525 Million Via Private Convertible Debt To Purchase Bitcoins
Bitcoin mining company Riot Platforms, Inc (NASDAQ:RIOT) priced its upsized private offering of $525 million 0.75% convertible senior notes due 2030. Riot also granted the notes’ initial purchasers an option to purchase up to an additional $75 million in aggregate principal amount of the notes.
Riot Plans $500M Convertible Notes Offering to Fund Bitcoin Purchases
Riot Platforms plans to raise $500M through convertible notes to fund Bitcoin purchases and corporate initiatives.
Bitcoin Miner Riot Platforms Is Raising $500 Million to Buy More BTC
Riot aims to add more Bitcoin to its stash, which already ranks third-largest among publicly traded companies.
Riot Platforms price target raised to $16 from $9.50 at JPMorgan
JPMorgan analyst Reginald Smith raised the firm’s price target on Riot Platforms (RIOT) to $16 from $9.50 and keeps an Overweight rating on the
Riot Platforms prices upsized $525M senior convertible notes
Riot Platforms (NASDAQ:RIOT) priced its offering of $525M aggregate principal amount of its 0.75% convertible senior notes due 2030. The notes will be sold in a private offering only to qualified institutional buyers.
Crypto Briefing
7h
Riot Platforms completes $525M offering to buy Bitcoin
Riot completes a $525M offering to bolster Bitcoin acquisitions and operations, holding 12,000 Bitcoin, valued at $1.2B.
Hosted on MSN
2d
Michael Saylor hails Riot Platforms as a company on the Bitcoin Standard – Here’s why
Michael Saylor said the Riot company is on the Bitcoin standard, following its decision to offer a substantial amount of its ...
1d
What's Going On With Bitcoin Mining Stock Riot Platforms Tuesday?
Riot Platforms Inc (NASDAQ:RIOT) shares are seeing increased attention Tuesday after the company announced an upsized ...
Nairametrics
16h
3 US companies spend $3.26 billion buying Bitcoin in first week of December
Three Top US companies heavily involved in Bitcoin acquisition doled out a collective $3.26 billion to increase their Bitcoin ...
https//beincrypto.com
2d
Riot Platforms Follows MicroStrategy with $500 Million Bitcoin Funding Plan
Riot Platforms raises $500 million via convertible notes to expand Bitcoin reserves and mining operations. Learn about their crypto strategy.
2d
What's Going On With Riot Platforms Shares Monday?
Riot Platforms, Inc. (NASDAQ:RIOT) stock is trading lower on Monday after the company announced a $500 million convertible ...
1d
MicroStrategy Purchases 21,550 Bitcoin for $2.1 Billion, Expanding Holdings to 423,650 Bitcoin
MicroStrategy, led by Michael Saylor, has continued its Bitcoin acquisition strategy, purchasing 21,550 BTC for $2.1 billion ...
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