Bitcoin Mining Firm Riot Platforms Buys 5,117 Bitcoins for $510 Million, Bringing Total Position to 16,728
On 13 December, bitcoin miner Riot Platforms (NASDAQ: RIOT) announced that it had purchased approximately 5,117 bitcoins between 10 December and 12 December at an average price of $99,669 (including fees), for a total investment of approximately $510 million, according to market news. As of 12 December, Riot's total bitcoin position had increased to 16,728 bitcoins. The purchase was funded by the net proceeds from the issuance of 0.75% Convertible Senior Notes due 2030 and the Company's existing cash.
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