Market
Will Riot Platforms announce a new Bitcoin acquisition by June 30, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Riot Platforms' official press releases or financial disclosures
Story
Riot Platforms Acquires 5,117 BTC for $510 Million via $525 Million Bond, Totaling 16,728 BTC Valued at $1.68 Billion
Dec 16, 2024, 12:36 PM
Riot Platforms has made a significant investment in Bitcoin, acquiring 5,117 BTC for $510 million at an average price of $99,669 per coin. This purchase, funded by a $525 million convertible bond with an interest rate of 0.75%, increases Riot's total Bitcoin holdings to 16,728 BTC, valued at approximately $1.68 billion based on the current Bitcoin price of $101,000. The move is seen as a strategic decision to secure low-cost capital until 2030, reflecting confidence in the cryptocurrency market as Bitcoin recently surpassed the $100,000 mark. Riot's acquisition is part of a broader trend of companies increasing their cryptocurrency investments amid rising prices.
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Similar markets
Divestment • 25%
Moderate Acquisition • 25%
Aggressive Acquisition • 25%
No Further Acquisition • 25%
Yes • 50%
No • 50%
No • 50%
Yes • 50%
More than 5,000 BTC • 25%
3,001 to 5,000 BTC • 25%
1,000 to 3,000 BTC • 25%
Less than 1,000 BTC • 25%
Fails to increase holdings significantly • 25%
Successfully increases Bitcoin holdings significantly • 25%
Increases holdings but faces financial strain • 25%
Abandons acquisition strategy • 25%
Mixed reaction • 25%
Neutral reaction • 25%
Negative reaction • 25%
Positive reaction • 25%
1,000 - 1,499 BTC • 25%
500 - 999 BTC • 25%
Less than 500 BTC • 25%
1,500 BTC or more • 25%
