Riot Platforms raising $500M to buy Bitcoin amid price surge
If it follows through with its proposal, Riot Platforms will join many of its colleagues in paying top prices for BTC. Go to Source
Convertible bonds
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Coinbase Aims to Raise $1 Billion Through Convertible Bond Sale as Shares Spike
Coinbase Global, Inc. has unveiled its strategy to generate $1 billion through the issuance of convertible bonds set to mature in 2030. This plan includes a provision for initial buyers to acquire an extra $150 million to address any over-allotments. Coinbase revealed that the proceeds would be allocated for “working capital and capital expenditures.” Coinbase … Read more
Microstrategy Completes $650 Million Capital Raise to Fund More Bitcoin Purchases
Microstrategy Inc. has raised $650 million from the sale of convertible senior notes so that it could buy more bitcoin. In a note to investors on Dec. 11, the business intelligence and mobile software firm said it completed the sale of $650 million in convertible bonds to private investors at 0.75% interest per year. The … Read more