Riot Plans $500M Convertible Notes Offering to Fund Bitcoin Purchases

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Bitcoin infrastructure firm Riot Platforms has unveiled plans to raise $500M through convertible senior notes in a private offering for institutional investors. This decision comes as Bitcoin trades near its all-time high and other major industry players make substantial acquisitions at peak prices. Riot Platforms Targets $500M Offering to Fund Bitcoin Acquisitions: What Investors Need to Know On Monday, the firm revealed that it proposed a private offering of $500 million worth of convertible s...