Key Takeaways
Riot Platforms has raised $525 million to fund Bitcoin purchases and operations.
Currently, Riot holds 12,000 Bitcoin, valued at approximately $1.2 billion.
A leading Bitcoin mining company, Riot Platforms, has completed its $525 million senior note offering as reported in a filing with the SEC.
The private offering, which was announced earlier this week, will mature in 2030 with a 0.75% interest rate and is intended to fund additional Bitcoin acquisitions and general corporate purposes.
After deducting expenses, the offering raised approximately $511.5 million and includes provisions for conversion into common stock starting in 2029, with the possibility of earlier conversion under specific conditions.
Recently, the company acquired 705 Bitcoin for $68.45 million.
Data from Arkham Intelligence indicates that Riot now holds 12,000 Bitcoin, valued at approximately $1.2 billion, making it the second-largest Bitcoin holder among mining companies.
Marathon Digital leads the sector with over 40,000 Bitcoin, according to Bitbo data.
