Riot Platform Acquires 667 BTC, Boosting Holdings to 17,429 Tokens
In the latest development, the Riot platform has purchased BTC again. The company disclosed that through the additional proceeds from the issuance of convertible bonds with a coupon rate of 0.75%, the company has purchased 667 BTC at an average price of $101,135 per piece. . Bitcoin.
Riot’s BTC yield reaches 37.2%
The purchase, which took place between December 12 and 13, brings Riot’s total Bitcoin holdings to 17,429 tokens, currently worth $1.8 billion based on the current BTC market price of $103,873. Riot also said that through this acquisition and year-to-date mining production, its BTC return per share has reached 36.7% year-to-date and 37.2% year-to-date.
Just recently, the company acquired 5,117 Bitcoins at an average price of $99,669 per Bitcoin, including fees and expenses. Riot’s acquisition highlights the continued interest and investment in Bitcoin from major industry players despite market volatility. Riot’s decision to acquire Bitcoin underscores its commitment to Bitcoin’s future growth potential.
Riot’s purchase coincides with MicroStrategy’s BTC purchase
Riot’s latest Bitcoin purchase coincides with MicroStrategy’s latest Bitcoin purchase, which acquired 15,350 Bitcoins for approximately $1.5 billion, with an average price of $100,386 per Bitcoin. This is MSTR’s sixth purchase in six weeks. As of the latest purchase, MicroStrategy holds a total of 423,650 Bitcoins. Notably, MicroStrategy will soon join the Nasdaq 100 Index, joining some of the world’s leading companies. Additionally, MicroStrategy is the first Bitcoin financial company to enter the Nasdaq 100 Index.
Notably, Bitcoin surged above $106,000 earlier in Monday’s trading session, setting a new high, and is currently trading at $104,841, up more than 1% in the past 24 hours.
