Market

    Will Riot Platforms acquire at least 1,000 Bitcoin for its treasury by December 31, 2025?

    3
    Resolution / Starting Odds

    Yes • 50%

    No • 50%

    Riot Platforms' official press releases or financial statements

    Story

    Riot Platforms to Raise $500M via Convertible Notes for Bitcoin Acquisition

    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.

    View original story

    Similar markets

    Less than 16,000 BTC • 25%

    More than 20,000 BTC • 25%

    18,001 - 20,000 BTC • 25%

    16,000 - 18,000 BTC • 25%

    500 - 999 BTC • 25%

    1,500 BTC or more • 25%

    1,000 - 1,499 BTC • 25%

    Less than 500 BTC • 25%

    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%

    Divestment • 25%

    Aggressive Acquisition • 25%

    Moderate Acquisition • 25%

    No Further Acquisition • 25%

    Browse all stories on DeepNewz

    Visit