Riot Platforms Stock Rises After It Buys $500 Million in Bitcoin
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. 10 and Dec. 12, representing an average price of $99,669 per Bitcoin. This brings Riot’s total holdings to 16,728 units of digital currency, as disclosed in the company’s latest 8-K filing with the Securities and Exchange Commission.