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Market
Will Riot Platforms announce a new Bitcoin-related acquisition by April 30, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Riot Platforms' official press releases or financial statements
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
Aggressive Acquisition • 25%
Moderate Acquisition • 25%
No Further Acquisition • 25%
Divestment • 25%
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No • 50%
Yes • 50%
No • 50%
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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%
Positive reaction • 25%
Negative reaction • 25%
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Mixed reaction • 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%