other material
confidence high
sentiment neutral
materiality 0.70
Riot acquires 5,117 Bitcoin for $510M; total holdings reach 16,728
Riot Platforms, Inc.
- Acquired ~5,117 BTC between Dec 10-12, 2024 for ~$510M at avg price ~$99,669/BTC.
- Total Bitcoin holdings increased to 16,728 as of December 12, 2024.
- Purchases funded by proceeds from 0.75% convertible senior notes due 2030 and cash.
- Announcement made via Item 8.01 8-K filed December 13, 2024.