Riot Platforms buys 5,117 BTC for 510 million USD

Riot Platforms, one of the leading companies in the Bitcoin mining sector, has purchased 5,117 BTC for a total value of 510 million USD. The average price for each Bitcoin in this transaction is approximately 99,669 USD. After this transaction, the amount of Bitcoin held by Riot has increased to 16,728 BTC, equivalent to a value of about 1.7 billion USD, which is a 40% increase from the amount of BTC they held previously. This deal is partially funded by 500 million USD raised through convertible bonds and the company's available cash.