🔹 Giant Company Announces $500 Million #Bitcoin ($BTC ) Plan!

Riot Platforms has announced plans to issue $500 million in convertible senior notes, following MicroStrategy's strategy of raising funds to acquire Bitcoin (BTC). The notes will be due in 2030 and proceeds from the offering will be used for purchasing Bitcoin and covering general corporate expenses.

An additional $75 million in notes may be issued if the initial purchasers choose to exercise their option. The notes will be unsecured and convertible into cash, stock, or a combination, with specific terms set at pricing. The offering will target qualified institutional buyers under Rule 144/A of the Securities Act.