Summary by Moomoo AI
Riot Platforms announced a significant Bitcoin acquisition between December 10-12, 2024. The company purchased approximately 5,117 Bitcoin for $510 million, at an average price of $99,669 per Bitcoin, including fees and expenses. This move increased Riot's total Bitcoin holdings to 16,728 as of December 12, 2024.The purchase was funded using a portion of the net proceeds from the company's offering of 0.75% convertible senior notes due 2030, as well as cash on hand. This substantial investment in Bitcoin demonstrates Riot Platforms' continued commitment to expanding its cryptocurrency holdings and strengthening its position in the digital asset space.
