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What will be Riot Platforms' primary use of funds from their recent convertible notes offering by December 31, 2025?
2
Resolution / Starting Odds
Bitcoin acquisition • 25%
Infrastructure development • 25%
Debt repayment • 25%
Other corporate purposes • 25%
Riot Platforms' official financial reports or press releases
Story
Riot Platforms Buys 5,117 Bitcoins at $99,669 Each, Increasing Holdings to 16,728 BTC
Dec 13, 2024, 02:10 PM
Between December 10 and December 12, 2024, Riot Platforms Inc., a publicly traded Bitcoin mining company, acquired 5,117 Bitcoins for approximately $510 million. The purchase was made at an average price of $99,669 per Bitcoin, inclusive of fees and expenses. The acquisition was financed using net proceeds from Riot's recent $525 million offering of 0.75% convertible senior notes due 2030. This transaction increased Riot's total Bitcoin holdings to 16,728 Bitcoins, currently valued at $1.68 billion. The company aims to strengthen its position in the cryptocurrency market and fund general corporate purposes.
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Debt repayment • 25%
Bitcoin acquisition • 25%
Other investments • 25%
General corporate purposes • 25%
Other corporate purposes • 25%
Bitcoin acquisition • 25%
Expansion of mining operations • 25%
Debt repayment • 25%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No Further Acquisition • 25%
Divestment • 25%
Aggressive Acquisition • 25%
Moderate Acquisition • 25%
Bitcoin Mining • 25%
AI Data Centers • 25%
Convertible Bonds • 25%
Other • 25%
No • 50%
Yes • 50%
Increases holdings but faces financial strain • 25%
Fails to increase holdings significantly • 25%
Abandons acquisition strategy • 25%
Successfully increases Bitcoin holdings significantly • 25%
No • 50%
Yes • 50%