Riot Platforms (RIOT) said Friday it purchased 5,117 Bitcoin between Dec. 10 and Dec. 12 for $510 million, at an average price of $99,669 per Bitcoin, including fees.
The acquisition raised Riot Platforms' total Bitcoin holdings to 16,728, the company said.
Bitcoins were purchased using some of the net proceeds from offering of convertible senior notes due 2030 and cash reserves, Riot Platforms said.
Riot Platforms shares were up nearly 4% in recent trading.
Price: 12.77, Change: +0.44, Percent Change: +3.60
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