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Riot Platforms Acquires an Additional 667 BTC

The acquisition comes just days after the company purchased 5,117 BTC.
By: Joel Lim • December 17, 2024
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.

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