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The Company that Provided $594 Million Financing, Bought Bitcoin Again - Coin Bulletin
Riot Platforms, one of the world's largest Bitcoin mining companies, announced that it has re-purchased Bitcoin with the additional income from the $594 million bond issuance in its latest statement.
Riot Platforms announced that it purchased 667 Bitcoin (BTC) with a portion of the proceeds from the bond issuance, acquiring these BTC at an average price of $101,135.
Bitcoin reserves have exceeded 17,000
With this latest purchase, Riot Platforms' total Bitcoin holdings reached 17,429 BTC. The total value of the company's Bitcoins is approximately 1.8 billion dollars at the current BTC price of 103,873 dollars.
BTC return per share
Please provide the text to be translated Riot Platforms announced a 36.7% return per share of BTC for the quarter thanks to its recent acquisition and ongoing mining activities since the beginning of the year. Since the year to date (YTD), this rate has reached 37.2%.
Riot Platforms' move is seen as part of the company's strategic goal to increase its Bitcoin reserves. With the price of Bitcoin hovering above $100,000, such large purchases once again demonstrate institutional support for the cryptocurrency market.