Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    CoreWeave Revives Acquisition Talks with Core Scientific

    Coinbase to Launch US Perpetual Futures on July 21

    Coinbase Launches US Perpetual Futures in July

    India Considers Creating Strategic Bitcoin Reserve, Officials Propose

    US Initiates Strategic Bitcoin Reserve Policy via Executive Order

    U.S. Government to Accumulate Bitcoin for Strategic Reserve

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    XRP Lawsuit: Ripple and SEC Appeal Status Update

    World Chain Prioritizes Human Transactions with Blockchain Upgrade

    Aqua 1 Invests $100 Million in WLFI, Largest Stakeholder

    Ripple Mints 12M RLUSD as Stablecoin Adoption Grows

    US Court Rejects SEC, Ripple’s $125M Settlement Bid

    Joseph Lubin Proposes Ethereum-based Leverage Strategy for SharpLink

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Riot Platforms Secures $100M Bitcoin Credit from Coinbase

Solomon M. by Solomon M.
April 24, 2025
in Bitcoin News
Key Takeaways:
  • Riot Platforms obtains a $100M credit facility from Coinbase.
  • Riot keeps Bitcoin holdings, avoiding equity dilution.
  • Reflects growing trend of Bitcoin-backed loans.
riot-platforms-secures-100m-bitcoin-credit-from-coinbase
Riot Platforms Secures $100M Bitcoin Credit from Coinbase

The facility’s non-dilutive nature allows Riot to secure funding without new equity issues, impacting shareholder value positively. The deal aligns with Riot’s efforts to enhance its financial strategies and maintain its Bitcoin inventory.

Riot Platforms, a major Bitcoin mining company, enters its first Bitcoin-backed credit facility with Coinbase Credit, allowing for a $100 million facility. The facility enables Riot to utilize its Bitcoin holdings—a significant step for its operations.

“Riot has entered into its first bitcoin-backed facility, which provides us with non-dilutive funding at an attractive cost of financing. This credit facility is a key part of our efforts to diversify sources of financing to support our operations and strategic growth initiatives, with a view towards long-term stockholder value creation.” — Jason Les, CEO, Riot Platforms, Cointelegraph

The deal means Riot Platforms can preserve its significant Bitcoin holdings instead of liquidating assets. This approach, favoring non-dilutive funding, aligns with CEO Jason Les’s vision for shareholder value.

In the broader industry, the trend of securing Bitcoin-backed loans by major miners like Riot reflects a strategic shift. Such transactions are increasingly seen as an effective way for miners to fund growth while maintaining significant Bitcoin assets.

Publicly listed companies are embracing Bitcoin-backed facilities amid growing institutional acceptance. This approach supports non-dilutive growth strategies and aligns with emerging trends in cryptocurrency finance.

Riot’s financial positioning, with historical precedents from other miners, suggests positive market implications. The facility could influence how Bitcoin reserves are leveraged, potentially affecting miner stock performance and market dynamics.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Web3 ai Leads Crypto Buys, SHIB Holds & Sui Climbs 15%

Next Post

Missed the Official Melania Hype? This Troller Coin is On Fire Before Presale Launch

Solomon M.

Solomon M.

Related Posts

CoreWeave Revives Acquisition Talks with Core Scientific

by Solomon M.
June 26, 2025

CoreWeave reinitiates acquisition discussions with Bitcoin miner Core Scientific, impacting market valuations.

Coinbase to Launch US Perpetual Futures on July 21

by Solomon M.
June 26, 2025

Coinbase Derivatives to launch US perpetual futures for BTC and ETH, enhancing regulated crypto trading options.

Coinbase Launches US Perpetual Futures in July

by Adriana M.
June 26, 2025

Coinbase Derivatives to launch US perpetual-style futures on July 21, offering 24/7 trading for BTC and ETH.

India Considers Creating Strategic Bitcoin Reserve, Officials Propose

by Solomon M.
June 26, 2025

India's BJP party proposes a strategic Bitcoin reserve, urging adoption amid global practices.

US Initiates Strategic Bitcoin Reserve Policy via Executive Order

by Solomon M.
June 26, 2025

The US government establishes a Strategic Bitcoin Reserve policy to enhance national digital asset strategies and economic infrastructure.

U.S. Government to Accumulate Bitcoin for Strategic Reserve

by Solomon M.
June 26, 2025

U.S. announces strategic Bitcoin reserve accumulation plan, signaling significant policy shift.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.