Riot Platforms Acquires an Additional 667 BTC

Bitcoin mining and digital infrastructure company Riot Platforms announced it has acquired an additional 667 BTC using the proceeds from its $594 million senior convertible notes sale, according to an X post from the company. The acquisition brings Riot’s Bitcoin holdings to 17,429 BTC or approximately $1.8 billion at current BTC prices . It also increases its Bitcoin yield per share, which measures the increase in Bitcoin holdings per share over time, to 36.7% quarter-to-date (QTD) and 37.2% year-to-date (YTD). Riot’s latest Bitcoin acquisition comes barely a week after it purchased 5,117 BTC between Dec. 10 and Dec. 12. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io