Loading...
Market
What will happen to the interest rate on Riot Platforms' $525 million bond by December 31, 2025?
3
Resolution / Starting Odds
Remains at 0.75% • 25%
Increases to 1% or higher • 25%
Decreases to below 0.75% • 25%
Bond is repaid early • 25%
Riot Platforms' official financial statements or press releases
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.
View original story
Similar markets
Decreases by 10% or more • 25%
Changes between -10% and +10% • 25%
Increases by 10% to 20% • 25%
Increases by more than 20% • 25%
Riot outperforms Bitcoin • 25%
Riot underperforms Bitcoin • 25%
Riot performs similarly to Bitcoin • 25%
Other • 25%
Yes • 50%
No • 50%
Less than 20,000 BTC • 25%
20,000 to 25,000 BTC • 25%
25,001 to 30,000 BTC • 25%
More than 30,000 BTC • 25%
Yes • 50%
No • 50%
Less than 500 BTC • 25%
500 - 999 BTC • 25%
1,000 - 1,499 BTC • 25%
1,500 BTC or more • 25%
Successfully increases Bitcoin holdings significantly • 25%
Increases holdings but faces financial strain • 25%
Fails to increase holdings significantly • 25%
Abandons acquisition strategy • 25%
Yes • 50%
No • 50%
Yes, by March 31, 2025 • 25%
Yes, by June 30, 2025 • 25%
No increase • 25%
Decrease • 25%