Riot Plans $500M Convertible Notes to Acquire Bitcoin

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10 months ago 245

Riot Platforms is following in the footsteps of its public mining peers with plans to issue $500 million worth of convertible bonds, aiming to acquire Bitcoin directly from the market—a strategy reminiscent of MicroStrategy’s playbook. The company announced on Monday its intention to conduct a private offering of $500 million in senior convertible notes, with […]

The post Riot Plans $500M Convertible Notes to Acquire Bitcoin appeared first on TheMinerMag.



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