💰 #Riot Platforms Plans $500M #Bitcoin Acquisition

Riot Platforms is raising $500M via convertible notes due 2030,

targeting institutional buyers. Proceeds will fund Bitcoin

purchases and expand mining operations in Texas and

Kentucky, reinforcing Riot’s leadership in the sector.

🔑 Key Highlights:

*/ Growth Strategy: Funds to bolster Bitcoin reserves and infrastructure.

*/ Industry Trend: Echoes firms like MicroStrategy in leveraging convertible notes for crypto growth.

*/ Opportunities & Risks: Boosts $BTC holdings but risks potential shareholder dilution if notes convert to equity.

This move underscores Riot's belief in Bitcoin as "digital gold" and supports institutional adoption narratives.

#BTC100K! #MicroStrategyAcquiresBTC #bitcoin☀️ #Write2Earn!