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On Tuesday, Marathon revealed it had purchased 11,774 BTC for $1.1 billion at an average price of $96,000 per coin. This growing trend reflects miners' efforts to enhance profitability and hedge against inflation by increasing Bitcoin reserves.<\/p>\n\n\n\n

With Riot\u2019s recent buy, the company further solidifies its position among the largest Bitcoin holders in the mining sector.<\/p>\n","post_title":"Riot Platforms Doubles Down On Bitcoin With $500 Million Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"riot-platforms-doubles-down-on-bitcoin-with-500-million-purchase","to_ping":"","pinged":"","post_modified":"2024-12-18 03:53:10","post_modified_gmt":"2024-12-17 16:53:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19880","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Follow The Distributed

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\n

MicroStrategy's approach relies on private offerings and debt to fund Bitcoin purchases, encouraging other firms to follow suit. Riot and other major U.S. Bitcoin miners, like Marathon Digital (MARA), are adopting similar strategies<\/a> to bolster their balance sheets.<\/p>\n\n\n\n

On Tuesday, Marathon revealed it had purchased 11,774 BTC for $1.1 billion at an average price of $96,000 per coin. This growing trend reflects miners' efforts to enhance profitability and hedge against inflation by increasing Bitcoin reserves.<\/p>\n\n\n\n

With Riot\u2019s recent buy, the company further solidifies its position among the largest Bitcoin holders in the mining sector.<\/p>\n","post_title":"Riot Platforms Doubles Down On Bitcoin With $500 Million Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"riot-platforms-doubles-down-on-bitcoin-with-500-million-purchase","to_ping":"","pinged":"","post_modified":"2024-12-18 03:53:10","post_modified_gmt":"2024-12-17 16:53:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19880","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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ADVERTISEMENT
\n

Riot's strategy mirrors that of MicroStrategy, which popularized the Bitcoin treasury reserve model in 2020. MicroStrategy initially bought BTC during the COVID-19 pandemic to maximize shareholder returns. Today, the firm holds 423,650 BTC, valued at nearly $43 billion.<\/p>\n\n\n\n

MicroStrategy's approach relies on private offerings and debt to fund Bitcoin purchases, encouraging other firms to follow suit. Riot and other major U.S. Bitcoin miners, like Marathon Digital (MARA), are adopting similar strategies<\/a> to bolster their balance sheets.<\/p>\n\n\n\n

On Tuesday, Marathon revealed it had purchased 11,774 BTC for $1.1 billion at an average price of $96,000 per coin. This growing trend reflects miners' efforts to enhance profitability and hedge against inflation by increasing Bitcoin reserves.<\/p>\n\n\n\n

With Riot\u2019s recent buy, the company further solidifies its position among the largest Bitcoin holders in the mining sector.<\/p>\n","post_title":"Riot Platforms Doubles Down On Bitcoin With $500 Million Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"riot-platforms-doubles-down-on-bitcoin-with-500-million-purchase","to_ping":"","pinged":"","post_modified":"2024-12-18 03:53:10","post_modified_gmt":"2024-12-17 16:53:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19880","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

Bitcoin Treasury Reserve by Microstrategy<\/h2>\n\n\n\n

Riot's strategy mirrors that of MicroStrategy, which popularized the Bitcoin treasury reserve model in 2020. MicroStrategy initially bought BTC during the COVID-19 pandemic to maximize shareholder returns. Today, the firm holds 423,650 BTC, valued at nearly $43 billion.<\/p>\n\n\n\n

MicroStrategy's approach relies on private offerings and debt to fund Bitcoin purchases, encouraging other firms to follow suit. Riot and other major U.S. Bitcoin miners, like Marathon Digital (MARA), are adopting similar strategies<\/a> to bolster their balance sheets.<\/p>\n\n\n\n

On Tuesday, Marathon revealed it had purchased 11,774 BTC for $1.1 billion at an average price of $96,000 per coin. This growing trend reflects miners' efforts to enhance profitability and hedge against inflation by increasing Bitcoin reserves.<\/p>\n\n\n\n

With Riot\u2019s recent buy, the company further solidifies its position among the largest Bitcoin holders in the mining sector.<\/p>\n","post_title":"Riot Platforms Doubles Down On Bitcoin With $500 Million Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"riot-platforms-doubles-down-on-bitcoin-with-500-million-purchase","to_ping":"","pinged":"","post_modified":"2024-12-18 03:53:10","post_modified_gmt":"2024-12-17 16:53:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19880","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related: <\/em><\/strong>Ukraine DAO Launches 1\/1 NFT To Raise Funds To Help War-Torn Ukrainians<\/a><\/p>\n\n\n\n

Bitcoin Treasury Reserve by Microstrategy<\/h2>\n\n\n\n

Riot's strategy mirrors that of MicroStrategy, which popularized the Bitcoin treasury reserve model in 2020. MicroStrategy initially bought BTC during the COVID-19 pandemic to maximize shareholder returns. Today, the firm holds 423,650 BTC, valued at nearly $43 billion.<\/p>\n\n\n\n

MicroStrategy's approach relies on private offerings and debt to fund Bitcoin purchases, encouraging other firms to follow suit. Riot and other major U.S. Bitcoin miners, like Marathon Digital (MARA), are adopting similar strategies<\/a> to bolster their balance sheets.<\/p>\n\n\n\n

On Tuesday, Marathon revealed it had purchased 11,774 BTC for $1.1 billion at an average price of $96,000 per coin. This growing trend reflects miners' efforts to enhance profitability and hedge against inflation by increasing Bitcoin reserves.<\/p>\n\n\n\n

With Riot\u2019s recent buy, the company further solidifies its position among the largest Bitcoin holders in the mining sector.<\/p>\n","post_title":"Riot Platforms Doubles Down On Bitcoin With $500 Million Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"riot-platforms-doubles-down-on-bitcoin-with-500-million-purchase","to_ping":"","pinged":"","post_modified":"2024-12-18 03:53:10","post_modified_gmt":"2024-12-17 16:53:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19880","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The company bought Bitcoin at an average price of $99,669 per coin, including fees. According to CoinGecko data, Riot's total Bitcoin holdings now stand at 16,728 BTC, valued at approximately $1.69 billion.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Ukraine DAO Launches 1\/1 NFT To Raise Funds To Help War-Torn Ukrainians<\/a><\/p>\n\n\n\n

Bitcoin Treasury Reserve by Microstrategy<\/h2>\n\n\n\n

Riot's strategy mirrors that of MicroStrategy, which popularized the Bitcoin treasury reserve model in 2020. MicroStrategy initially bought BTC during the COVID-19 pandemic to maximize shareholder returns. Today, the firm holds 423,650 BTC, valued at nearly $43 billion.<\/p>\n\n\n\n

MicroStrategy's approach relies on private offerings and debt to fund Bitcoin purchases, encouraging other firms to follow suit. Riot and other major U.S. Bitcoin miners, like Marathon Digital (MARA), are adopting similar strategies<\/a> to bolster their balance sheets.<\/p>\n\n\n\n

On Tuesday, Marathon revealed it had purchased 11,774 BTC for $1.1 billion at an average price of $96,000 per coin. This growing trend reflects miners' efforts to enhance profitability and hedge against inflation by increasing Bitcoin reserves.<\/p>\n\n\n\n

With Riot\u2019s recent buy, the company further solidifies its position among the largest Bitcoin holders in the mining sector.<\/p>\n","post_title":"Riot Platforms Doubles Down On Bitcoin With $500 Million Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"riot-platforms-doubles-down-on-bitcoin-with-500-million-purchase","to_ping":"","pinged":"","post_modified":"2024-12-18 03:53:10","post_modified_gmt":"2024-12-17 16:53:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19880","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/RiotPlatforms\/status\/1867570759704420356\n<\/div><\/figure>\n\n\n\n

The company bought Bitcoin at an average price of $99,669 per coin, including fees. According to CoinGecko data, Riot's total Bitcoin holdings now stand at 16,728 BTC, valued at approximately $1.69 billion.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Ukraine DAO Launches 1\/1 NFT To Raise Funds To Help War-Torn Ukrainians<\/a><\/p>\n\n\n\n

Bitcoin Treasury Reserve by Microstrategy<\/h2>\n\n\n\n

Riot's strategy mirrors that of MicroStrategy, which popularized the Bitcoin treasury reserve model in 2020. MicroStrategy initially bought BTC during the COVID-19 pandemic to maximize shareholder returns. Today, the firm holds 423,650 BTC, valued at nearly $43 billion.<\/p>\n\n\n\n

MicroStrategy's approach relies on private offerings and debt to fund Bitcoin purchases, encouraging other firms to follow suit. Riot and other major U.S. Bitcoin miners, like Marathon Digital (MARA), are adopting similar strategies<\/a> to bolster their balance sheets.<\/p>\n\n\n\n

On Tuesday, Marathon revealed it had purchased 11,774 BTC for $1.1 billion at an average price of $96,000 per coin. This growing trend reflects miners' efforts to enhance profitability and hedge against inflation by increasing Bitcoin reserves.<\/p>\n\n\n\n

With Riot\u2019s recent buy, the company further solidifies its position among the largest Bitcoin holders in the mining sector.<\/p>\n","post_title":"Riot Platforms Doubles Down On Bitcoin With $500 Million Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"riot-platforms-doubles-down-on-bitcoin-with-500-million-purchase","to_ping":"","pinged":"","post_modified":"2024-12-18 03:53:10","post_modified_gmt":"2024-12-17 16:53:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19880","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Bitcoin mining giant Riot Platforms has expanded its crypto reserves, purchasing 5,117 BTC for $510 million. The acquisition follows Riot\u2019s recent <\/a>$525 million capital raise via a private senior convertible notes offering.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RiotPlatforms\/status\/1867570759704420356\n<\/div><\/figure>\n\n\n\n

The company bought Bitcoin at an average price of $99,669 per coin, including fees. According to CoinGecko data, Riot's total Bitcoin holdings now stand at 16,728 BTC, valued at approximately $1.69 billion.<\/p>\n\n\n\n

See Related: <\/em><\/strong>Ukraine DAO Launches 1\/1 NFT To Raise Funds To Help War-Torn Ukrainians<\/a><\/p>\n\n\n\n

Bitcoin Treasury Reserve by Microstrategy<\/h2>\n\n\n\n

Riot's strategy mirrors that of MicroStrategy, which popularized the Bitcoin treasury reserve model in 2020. MicroStrategy initially bought BTC during the COVID-19 pandemic to maximize shareholder returns. Today, the firm holds 423,650 BTC, valued at nearly $43 billion.<\/p>\n\n\n\n

MicroStrategy's approach relies on private offerings and debt to fund Bitcoin purchases, encouraging other firms to follow suit. Riot and other major U.S. Bitcoin miners, like Marathon Digital (MARA), are adopting similar strategies<\/a> to bolster their balance sheets.<\/p>\n\n\n\n

On Tuesday, Marathon revealed it had purchased 11,774 BTC for $1.1 billion at an average price of $96,000 per coin. This growing trend reflects miners' efforts to enhance profitability and hedge against inflation by increasing Bitcoin reserves.<\/p>\n\n\n\n

With Riot\u2019s recent buy, the company further solidifies its position among the largest Bitcoin holders in the mining sector.<\/p>\n","post_title":"Riot Platforms Doubles Down On Bitcoin With $500 Million Purchase","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"riot-platforms-doubles-down-on-bitcoin-with-500-million-purchase","to_ping":"","pinged":"","post_modified":"2024-12-18 03:53:10","post_modified_gmt":"2024-12-17 16:53:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19880","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT

Riot

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