Crypto Stocks Fall; Riot Platforms Drops 10%; Coinbase down 7%
Tiger Newspress12-09
Crypto stocks fell in Monday trading. Riot Platforms fell 10%; Coinbase fell 7%; Canaan, MARA Holdings fell 6%; CleanSpark fell 5%; MicroStrategy fell 4%.
MARA Holdings recently completed its $850 million offering of 0% convertible senior notes due 2031. This happened soon after it completed a $1 billion offering of 0% convertible senior notes due 2030 in November.
MicroStrategy disclosed that it acquired 21,550 Bitcoin for approximately $2.1 billion in the first week of December.
Riot Platforms intends to offer $500M of its convertible senior notes due 2030 in private offering.
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