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What will be the primary use of the $500M raised by Riot Platforms by December 31, 2025?
2
Resolution / Starting Odds
Bitcoin acquisition • 25%
Expansion of mining operations • 25%
Debt repayment • 25%
Other corporate purposes • 25%
Riot Platforms' official financial statements or press releases
Story
Riot Platforms Raises $500M via Convertible Notes to Buy Bitcoin
Dec 9, 2024, 12:16 PM
Riot Platforms Inc., a publicly traded Bitcoin mining company, has announced a proposed private offering of $500 million in convertible senior notes. The company plans to use the net proceeds primarily to acquire Bitcoin and for general corporate purposes. This move is seen as following a strategy similar to that of MicroStrategy, which has been actively investing in Bitcoin.
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Similar markets
Bitcoin acquisition • 25%
Debt repayment • 25%
Other investments • 25%
General corporate purposes • 25%
Bitcoin acquisition • 25%
Infrastructure development • 25%
Debt repayment • 25%
Other corporate purposes • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Aggressive Acquisition • 25%
Moderate Acquisition • 25%
No Further Acquisition • 25%
Divestment • 25%
Bitcoin Acquisition • 25%
Other Cryptocurrency Investments • 25%
Traditional Asset Investments • 25%
Other • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Successfully increases Bitcoin holdings significantly • 25%
Increases holdings but faces financial strain • 25%
Fails to increase holdings significantly • 25%
Abandons acquisition strategy • 25%
Coinbase • 25%
Binance • 25%
Kraken • 25%
Other • 25%
Less than 1,000 BTC • 25%
1,000 to 3,000 BTC • 25%
3,001 to 5,000 BTC • 25%
More than 5,000 BTC • 25%