Riot Platforms increased its holdings of 667 BTC, raising its total holdings to $1.8 billion

PANews reported on December 16 that Bitcoin mining company Riot Platforms announced that it would use the funds obtained from the recently issued US$594 million, 0.75% interest rate convertible bonds to purchase 667 Bitcoins at an average price of US$101,135 per Bitcoin (costing approximately US$67.457 million). This acquisition increased its total Bitcoin holdings to 17,429 coins. Based on the current market price of US$17,429 per coin, the total market value is approximately US$1.8 billion. With this acquisition and year-to-date mining production, Riot's yield per BTC is 36.7% quarter-to-date and 37.2% year-to-date.