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Riot Secures $100M Bitcoin Credit from Coinbase Credit

Riot Secures $100M Bitcoin Credit from Coinbase Credit

TheccpressTheccpress2025/04/25 05:00
By:in Bitcoin News
Key Points:
  • Riot Platforms obtains $100M Bitcoin-backed credit from Coinbase Credit.
  • Facilitates non-dilutive funding for strategic growth.
  • Arrives amid stable Bitcoin market prices.
Riot Secures $100M Bitcoin Credit from Coinbase Credit

Riot Platforms, Inc., has secured a 100 million Bitcoin-backed credit facility from Coinbase Credit, the lending arm of the U.S.-based cryptocurrency exchange, effective April 23, 2025.

“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, Inc.

Details of the Credit Facility

Riot Platforms secured a $100 million, non-dilutive credit facility with Coinbase Credit, supported by its Bitcoin holdings. The agreement enables multiple drawdowns over a two-month window ahead.

The loan is backed by Riot’s 19,223 Bitcoins and carries a variable annual interest rate, starting from 7.75%. Riot’s strategic plans focus on growth initiatives using this facility.

Market Context

With Bitcoin trading around $90,000, the move aligns Riot with other crypto companies leveraging BTC-backed loans. CleanSpark and Bitfarms have conducted similar actions recently.

Impact on Market Volatility and Strategy

The facility avoids significant market volatility, suggesting stability among Bitcoin and Ethereum pricing. As a corporate strategy, it boosts liquidity without impacting minor token markets.

No direct regulatory announcements followed the deal. The arrangement adheres to current compliance standards, emphasizing institutional acceptance of BTC-collateralized lending. Riot’s market position remains strong.

This credit facility reflects a broader acceptance of bitcoin-backed financial products , potentially attracting more companies to consider similar moves for liquidity preservation. Riot continues to enhance its standing in the crypto mining sector.

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.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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