New Bitcoin Acquisition in December
On December 12-13, Riot Platforms purchased 667 BTC at an average price of $101,135 per Bitcoin. This purchase adds to the 5,117 BTC reported earlier on December 13.
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Growing Bitcoin Reserve
Riot Platforms now holds 17,429 BTC, worth approximately $1.8 billion. This positions the company among the largest institutional Bitcoin holders.
Funding Secured Through Bonds
The funds for these Bitcoin purchases came from a bond issuance announced on December 9. This move highlights Riot’s strategic approach to expanding its cryptocurrency assets.
Conclusion
By consistently growing its Bitcoin reserves, Riot Platforms demonstrates confidence in cryptocurrency as a long-term investment strategy.
