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

Another company has announced that it will follow in the footsteps of MicroStrategy, which issued bonds to raise more Bitcoin (BTC).

Accordingly, Riot Platforms announced that it will offer $500 million worth of convertible senior notes for institutional use and to purchase Bitcoin.Bitcoin mining company Riot Platforms announced in its official statement that it plans to issue $500 million in convertible senior notes due in 2030.

Proceeds will be used to purchase Bitcoin and general corporate expenses. An additional $75 million in notes may be issued if the initial purchasers exercise their option. The notes will be unsecured and convertible into cash, stock, or a combination, with terms determined at pricing.