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š£Ā #Riot Ā Platforms FollowsĀ #MicroStrategy Ā with a $500 MillionĀ #Bitcoin Ā Funding Plan!
#RiotPlatforms Ā is making waves in theĀ #cryptoĀ world by unveiling a massive $500 million Bitcoin financing initiative, echoing MicroStrategy's bold strategy.Ā
š Is this the start of a new institutional Bitcoin accumulation race?
š Stay tuned for updates on this game-changing development!
#RiotPlatforms Ā is making waves in theĀ #cryptoĀ world by unveiling a massive $500 million Bitcoin financing initiative, echoing MicroStrategy's bold strategy.Ā
š Is this the start of a new institutional Bitcoin accumulation race?
š Stay tuned for updates on this game-changing development!
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š§During the consolidation period of Bitcoin, mining companies and institutions are buying heavily, indicating a price increase?
This Monday, the influential Bitcoin mining company MARA Holdings purchased 11,774 Bitcoins at an average price of $96,000 each, totaling a staggering $1.1 billion.
On the same day, another Bitcoin mining company listed on the US stock market, Riot Platforms, also announced its financing activities, successfully raising $500 million through the issuance of convertible bonds, planning to use the funds for further Bitcoin purchases.
Against this backdrop, discussions have arisen in the market regarding a potential correction in Bitcoin prices. Some voices suggest that Bitcoin prices might pull back to the range of $77,000 to $81,000 to fill the gap in CME futures.
Opinions suggest that, although the possibility of such a price correction exists from a technical standpoint, considering the overall situation of the current market, this possibility is not widely favored.
This is because the current market's purchasing strength has been very significant. In addition to MARA Holdings and Riot Platforms, several publicly listed companies in the US, including MicroStrategy, are also actively buying Bitcoin.
Moreover, one of the world's largest asset management companies, Blackrock, is continuously increasing its Bitcoin holdings through its Bitcoin spot ETF. In summary, as more and more retail investors are attracted to the market, the purchasing power for Bitcoin is steadily increasing.
Based on the analysis of these factors, the likelihood of Bitcoin's price dropping significantly from the current level of $97,000 to the range of $77,000 to $81,000 seems relatively low.
In view of this, the market generally believes that under such strong purchasing power support, Bitcoin prices are more likely to remain at higher levels rather than experiencing a significant correction. (It may continue to consolidate within this range or break through and challenge the $100,000 mark again)
Of course, the market is always filled with uncertainty, but at least for now, market confidence and buying enthusiasm are the key factors supporting Bitcoin prices.
#ęÆē¹åøęčµ #MARA #Riot #MicroStrateg #č“č±å¾·
This Monday, the influential Bitcoin mining company MARA Holdings purchased 11,774 Bitcoins at an average price of $96,000 each, totaling a staggering $1.1 billion.
On the same day, another Bitcoin mining company listed on the US stock market, Riot Platforms, also announced its financing activities, successfully raising $500 million through the issuance of convertible bonds, planning to use the funds for further Bitcoin purchases.
Against this backdrop, discussions have arisen in the market regarding a potential correction in Bitcoin prices. Some voices suggest that Bitcoin prices might pull back to the range of $77,000 to $81,000 to fill the gap in CME futures.
Opinions suggest that, although the possibility of such a price correction exists from a technical standpoint, considering the overall situation of the current market, this possibility is not widely favored.
This is because the current market's purchasing strength has been very significant. In addition to MARA Holdings and Riot Platforms, several publicly listed companies in the US, including MicroStrategy, are also actively buying Bitcoin.
Moreover, one of the world's largest asset management companies, Blackrock, is continuously increasing its Bitcoin holdings through its Bitcoin spot ETF. In summary, as more and more retail investors are attracted to the market, the purchasing power for Bitcoin is steadily increasing.
Based on the analysis of these factors, the likelihood of Bitcoin's price dropping significantly from the current level of $97,000 to the range of $77,000 to $81,000 seems relatively low.
In view of this, the market generally believes that under such strong purchasing power support, Bitcoin prices are more likely to remain at higher levels rather than experiencing a significant correction. (It may continue to consolidate within this range or break through and challenge the $100,000 mark again)
Of course, the market is always filled with uncertainty, but at least for now, market confidence and buying enthusiasm are the key factors supporting Bitcoin prices.
#ęÆē¹åøęčµ #MARA #Riot #MicroStrateg #č“č±å¾·
Big #Bitcoin Buy: Riot Platforms Adds 5,117 #BTC to Their Portfolio for $525M š
#Riot Platforms has Today acquired 5,117 $BTC Ā for ~$525M, bringing their total holdings to 16,728 BTC
With an average price of $62,244 per BTC, their investment has grown to $1.68B, reflecting a 61% profit ($638M).
This shows the power of DCA šŖ
$AVA
#Riot Platforms has Today acquired 5,117 $BTC Ā for ~$525M, bringing their total holdings to 16,728 BTC
With an average price of $62,244 per BTC, their investment has grown to $1.68B, reflecting a 61% profit ($638M).
This shows the power of DCA šŖ
$AVA
$BTC $ETH $XRP Despite announcing a strategic Bitcoin purchase plan, Riot Platformsā shares fell nearly 10%. At the market opening on Dec. 9, the miner stock dropped by 7.1% to $12.03, reflecting a broader decline in crypto-related equities such as Coinbase, Marathon Digital, and CleanSpark, as reported by Yahoo Finance. #RiotPlatforms #RIOT
š° #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 Riotās leadership in the sector.
š 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 #bitcoināļø #Write2Earn!
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 Riotās leadership in the sector.
š 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 #bitcoināļø #Write2Earn!
SociĆ©tĆ© GĆ©nĆ©rale and Banque de France Use Blockchain for Financial Transactions šš»
SociĆ©tĆ© GĆ©nĆ©rale completed the Eurosystemās first blockchain-based repo transaction in collaboration with the Banque de France. Conducted through its Forge subsidiary, the transaction used tokenized bonds on Ethereum as collateral and central bank digital currency (#CBDC ) as cash. This milestone demonstrates the feasibility of on-chain interbank refinancing and highlights the liquidity benefits of CBDC in digital securities markets. SociĆ©tĆ© GĆ©nĆ©rale and Banque de France are actively exploring blockchain applications, including cross-border payments and stablecoin projects.
In parallel, #Riot Platforms purchased $510M in Bitcoin amid investor calls to repurpose its infrastructure for AI, reflecting dual opportunities in digital assets and computational services.
This is bullish!
If you enjoy my content, feel free to tip me ā¤ļø
#Binance
#crypto2024
SociĆ©tĆ© GĆ©nĆ©rale completed the Eurosystemās first blockchain-based repo transaction in collaboration with the Banque de France. Conducted through its Forge subsidiary, the transaction used tokenized bonds on Ethereum as collateral and central bank digital currency (#CBDC ) as cash. This milestone demonstrates the feasibility of on-chain interbank refinancing and highlights the liquidity benefits of CBDC in digital securities markets. SociĆ©tĆ© GĆ©nĆ©rale and Banque de France are actively exploring blockchain applications, including cross-border payments and stablecoin projects.
In parallel, #Riot Platforms purchased $510M in Bitcoin amid investor calls to repurpose its infrastructure for AI, reflecting dual opportunities in digital assets and computational services.
This is bullish!
If you enjoy my content, feel free to tip me ā¤ļø
#Binance
#crypto2024
SAHAM KRIPTO MENINGKAT SEBAGAI NAIK BITCOIN
- COINBASE NAIK 2,6%,
- RIOT PLATFORMS NAIK 3,8%,
- MARATHON DIGITAL NAIK 3,2%,
- BIT DIGITAL NAIK 3,8%,
- HUT 8 MINING NAIK 1,7%,
- SAHAM BITFARMS YANG TERDAFTAR DI AS NAIK 4%
#coinbase #riot #BitcoinETFš°š°š° #mining
- COINBASE NAIK 2,6%,
- RIOT PLATFORMS NAIK 3,8%,
- MARATHON DIGITAL NAIK 3,2%,
- BIT DIGITAL NAIK 3,8%,
- HUT 8 MINING NAIK 1,7%,
- SAHAM BITFARMS YANG TERDAFTAR DI AS NAIK 4%
#coinbase #riot #BitcoinETFš°š°š° #mining
RIOT platform buys 5100 #Bitcoin for 510 Million USD. š„šÆšš
Bitcoin miners buying $BTC makes me excited. The producers know.
RIOT is a small BTC miner, as shown below. š
#BTC1D #binance4ever #RIOT
Bitcoin miners buying $BTC makes me excited. The producers know.
RIOT is a small BTC miner, as shown below. š
#BTC1D #binance4ever #RIOT
GraniteShares Bets Big on Crypto: New Leveraged ETFs Target Riot, Marathon, MicroStrategy & More šš»
GraniteShares, a prominent asset manager with over $10 billion in assets, has filed for new leveraged crypto-linked ETFs targeting companies like #Riot Platforms, Marathon Digital, #MicroStrategy and Robinhood. These ETFs will include 2x long and 2x short funds, offering twice the daily returns (or losses) of the underlying stocks. The demand for leveraged ETFs has surged due to high returns in bullish markets, but they carry significant risks in downturns.
GraniteSharesā move aligns with broader trends in cryptocurrency-focused ETFs, including covered call options introduced by YieldMax to generate monthly income for investors.
This is bullish!
If you enjoy my content, feel free to tip me ā¤ļø
#Binance
#crypto2024
GraniteShares, a prominent asset manager with over $10 billion in assets, has filed for new leveraged crypto-linked ETFs targeting companies like #Riot Platforms, Marathon Digital, #MicroStrategy and Robinhood. These ETFs will include 2x long and 2x short funds, offering twice the daily returns (or losses) of the underlying stocks. The demand for leveraged ETFs has surged due to high returns in bullish markets, but they carry significant risks in downturns.
GraniteSharesā move aligns with broader trends in cryptocurrency-focused ETFs, including covered call options introduced by YieldMax to generate monthly income for investors.
This is bullish!
If you enjoy my content, feel free to tip me ā¤ļø
#Binance
#crypto2024