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Riot Platforms increases Bitcoin holdings by acquiring 5,117 BTC

Riot’s MAJOR BTC Acquisition: On December 13, 2024, Riot Platforms acquired 5,117 BTC for 510 million USD, using funds from its 525 million USD convertible bond issuance. This expands its total BTC holdings to 16,728, valued at around 1.68 billion USD.

Corporate Bitcoin Investment Trends: Riot’s strategy aligns with other companies adopting Bitcoin as a treasury asset, influenced by MicroStrategy. Bitcoin’s anticipated future value may reach 200,000 USD by 2025, driving corporate interest in digital assets.

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