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How will Riot Platforms' share price perform compared to Bitcoin by December 31, 2025?
3
Resolution / Starting Odds
Riot outperforms Bitcoin • 25%
Riot underperforms Bitcoin • 25%
Riot performs similarly to Bitcoin • 25%
Other • 25%
Stock price data from financial market platforms like Yahoo Finance or Bloomberg
Story
Riot Platforms to Raise $500M via Convertible Notes for Bitcoin Acquisition
Dec 9, 2024, 12:21 PM
Riot Platforms Inc., a publicly traded Bitcoin mining company, has announced plans to raise $500 million through a private offering of convertible senior notes due in 2030. The company intends to use the net proceeds primarily to acquire Bitcoin for its corporate treasury and for general corporate purposes. This move follows a similar strategy previously adopted by companies like MicroStrategy Inc. and Marathon Digital Holdings Inc., which have also invested in Bitcoin for their corporate treasuries. The announcement led to a 6.5% drop in Riot Platforms' shares during premarket trading.
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Decreases by 10% or more • 25%
Changes between -10% and +10% • 25%
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Increases by 10% to 20% • 25%
Riot underperforms both • 33%
Riot outperforms both MicroStrategy and Marathon Digital Holdings • 33%
Riot outperforms only MicroStrategy • 33%
Riot outperforms only Marathon Digital Holdings • 33%
Fails to increase holdings significantly • 25%
Increases holdings but faces financial strain • 25%
Abandons acquisition strategy • 25%
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25,001 to 30,000 BTC • 25%
20,000 to 25,000 BTC • 25%
More than 30,000 BTC • 25%
Less than 20,000 BTC • 25%
Yes • 50%
Yes, by March 31, 2025 • 25%
Yes, by June 30, 2025 • 25%
No increase • 25%
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No • 50%
No • 50%
Yes • 50%
16,000 - 18,000 BTC • 25%
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Less than 16,000 BTC • 25%
1,000 - 1,499 BTC • 25%
Less than 500 BTC • 25%
1,500 BTC or more • 25%
500 - 999 BTC • 25%