2024

Bitcoin

Riot Platforms Inc. (NASDAQ: RIOT), a major cryptocurrency mining company based in Colorado, has announced plans to offer $500 million in convertible senior notes due 2030. The $4.3 billion company will conduct this offering through institutional buyers in a private placement. Additionally, there’s a three-day option for buyers to purchase up to $75 million of the notes.   
Riot said that the money from this offering will be used to acquire more Bitcoin as part of its strategy to strengthen its BTC holdings.   
<blockquote class="wp-block-quote">
  
 “The notes will be unsecured, senior obligations of Riot. The notes will mature on January 15, 2030, unless earlier repurchased, redeemed, or converted in accordance with their terms,” the company <a href="https://www.riotplatforms.com/riot-platforms-announces-proposed-private-offering-of-500-million-of-convertible-senior-notes/" target="_blank" rel="noreferrer noopener nofollow">noted</a>. 
</blockquote>   
As more institutions adopt Bitcoin, its market potential grows. Read our <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price prediction</a> for expert insights on what's next!   
<h2 class="wp-block-heading" id="h-bitcoin-s-growing-appeal-to-institutions">Bitcoin’s Growing Appeal to Institutions</h2>   
Bitcoin is continuing to attract institutional investors, highlighting its market potential. Companies like <a href="https://coinpedia.org/news/microstrategys-bought-another-stash-of-bitcoin-purchase-now-holds-423650-btc/" target="_blank" rel="noreferrer noopener">MicroStrategy </a>have shown great success with their Bitcoin strategies, which has inspired other companies worldwide to adopt similar approaches.   
On a national scale, <a href="https://coinpedia.org/crypto-live-news/el-salvadors-bitcoin-gains-hit-333m-as-btc-crosses-100k/" target="_blank" rel="noreferrer noopener">El Salvador</a> and the<a href="https://coinpedia.org/news/royal-government-of-bhutan-shifts-406-btc-40m-to-qcp-capital-still-holds-1-2b-in-btc/" target="_blank" rel="noreferrer noopener"> Royal Government of Bhutan</a> have also adopted Bitcoin strategies. These moves signal Bitcoin’s growing potential to impact the global financial system.   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<h2 class="wp-block-heading" id="h-riot-s-bitcoin-holdings-increase">Riot’s Bitcoin Holdings Increase</h2>   
Last week, Riot Platforms revealed that it increased its Bitcoin holdings by 5% last month, reaching a total of 11,425 BTCs.   
The company also reported mining 495 Bitcoins in November 2024 following an increase in its hash rate to 30.8 exahashes per second (EH/s). This hash rate improvement covers its mining operations in Rockdale, Corsicana, and Kentucky.   
In a market driven by strategy and innovation, Riot is proving it has both!

Crypto Mining Giant Riot Platforms’ Bitcoin Strategy Gets $500 Million Boost

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