Riot Platforms ( NASDAQ: RIOT) acquired 667 bitcoin ( BTC-USD) for about $67.5M at average price of $101,135 per coin, it disclosed on Monday. Bitcoin had surged above $106K earlier in Monday's trading session, before paring some gains to about $104K at the time of writing.

Riot Platforms Inc (NASDAQ:RIOT) shares are trading higher. The company on Monday announced the closing of a convertible senior notes offering. What Happened: Riot said it completed its previously announced offering of 0.

Publicly traded Bitcoin (BTC) mining firm Riot Platforms just added a massive amount of the flagship crypto to its corporate treasury.

Riot Platforms acquires $510M worth of Bitcoin, becoming second-largest holder among miners with 16,728 BTC amid surge past $100,000 milestone.

Riot Platforms boosts Bitcoin holdings by acquiring 5,117 BTC for $510 million, showcasing confidence in cryptocurrency’s future. Riot plans to issue $500M convertible notes by 2030 to enhance reserves and secure its market position.

Riot aims to add more Bitcoin to its stash, which already ranks third-largest among publicly traded companies.

More corporations are now doubling up on their Bitcoin acquisitions with mining giant Riot Platforms stacking fresh 5,113 BTC

Starboard is in discussions with Riot's management to potentially covert some of its facilities into data centers, the Journal reported.

Bitcoin miner Riot Platforms aims to raise $500 million through convertible bonds to buy Bitcoin. The move follows other major crypto acquisitions as Bitcoin nears its all-time high.

Riot Platforms said Friday it expanded its Bitcoin holdings, days after MicroStrategy snapped up more of the world’s largest token. Riot said it acquired 5,117 Bitcoin for roughly $510 million between Dec.