Riot Platforms acquires 5,117 BTC for $510 million at an average price of $99669 per Bitcoin.
With this acquisition, Riot’s Bitcoin holdings have surged to 16,728 BTC. At the current market price of $100,303, these holdings are valued at approximately $1.68 billion
Riot Platforms, a leading Bitcoin mining company, has acquired 5,113 BTC for $510 million.
According to a Dec. 13 post on the social media platform X (formerly Twitter), the company said the Bitcoin was bought at an average price of $99,669 per BTC, including fees and related expenses.
With this acquisition, Riot’s Bitcoin holdings have surged to 16,728 BTC. At the current market price of $100,303, these holdings are valued at approximately $1.68 billion.
This places it among the top three public holders of the flagship digital asset, ahead of electric car manufacturer Tesla and others.
Riot’s share price climbed 10% following the announcement to $13.39, as of press time.
