Riot Platforms Secures $100 Million Bitcoin-Backed Credit Facility With Coinbase for Non-Dilutive Funding
-
Home
-
Blogger
-
Crypto News
-
Riot Platforms Secures $100 Million Bitcoin-Backed Credit Facility With Coinbase for Non-Dilutive Funding
Riot Platforms Secures $100 Million Bitcoin-Backed Credit Facility With Coinbase for Non-Dilutive Funding
Riot Platforms has secured a $100 million credit facility from Coinbase, marking the company's first bitcoin-backed financing arrangement
Riot Platforms Secures $100 Million Bitcoin-Backed Credit Facility With Coinbase for Non-Dilutive Funding
Riot Platforms has secured a $100 million credit facility from Coinbase, marking the company's first bitcoin-backed financing arrangement. The credit line is backed by Bitcoin (BTC) collateral and is intended to provide Riot with non-dilutive funding at an attractive cost of financing. According to Riot CEO Jason Les, this facility is a key component of the company's ongoing expansion strategy. The funding from Coinbase's credit arm will support Riot's strategic growth initiatives.
Related Posts
Bitcoin (BTC), the market’s leading cryptocurrency, has surpassed the $100,000 mark for the first ti...
cryptoQuant Founder and CEO Ki Young Ju has walked back his bearish prediction after the Bitcoin pri...
According to a recent CryptoQuant Quicktake post by contributor burakkemeci, Bitcoin (BTC) is beginn...
