Riot Platforms 完成可转换债券发行，筹集 5.94 亿美元购买 667 BTC
Riot Platforms 今天宣布，它已完成发行 2030 年到期、利率为 0.75% 的可转换高级票据，筹集 5.944 亿美元。这家Bitcoin矿商利用发行息票可转换债券的额外收益，以每个代币 101,135 美元的价格收购了 667 个 BTC，使其持有的 BTC 总量达到 17,429 个 BTC。
通过最近的Bitcoin收购和年初至今的挖矿生产，Riot 的 BTC 每股收益率今年迄今为 37.2%，季度至今为 36.7%。目前其持有的Bitcoin总价值为 $1.8B，平均市场价格为 $103,873。
Riot Platforms 结束可转换高级票据发行
借助 Riot 发行 5.94 亿美元、票面利率 0.75% 的可转换债券的额外收益，该公司以每 BTC 101,135 美元的平均价格收购了 667 BTC。因此，Riot 已将其持有量增加至 17,429 BTC，目前价值 18 亿美元，基于… pic.twitter.com/t68Uy8nbHU
— Riot Platforms, Inc. (@RiotPlatforms) 2024 年 12 月 16 日
According to Riot Platforms, the aggregate principal amount of the 2030 Notes sold in the offering included $69.4 million relating to the partial exercise of the initial purchasers’ option. The net proceeds from the issuance of the 2030 Notes were approximately $579.2 million after deducting the initial purchasers’ discounts, commissions, and estimated offering expenses payable by Riot.
The Bitcoin miner disclosed that the 2030 Notes were sold in a private offering only to persons reasonably deemed qualified institutional buyers per the Securities Act. All the net proceeds were swiftly deployed to additional Bitcoin acquisition.
According to Stock Titan, successfully completing the convertible notes offering represented a huge capital raise for Riot. The convertible structure provided flexibility for future equity conversion while minimizing immediate dilution. Investors should, however, note that the substantial BTC acquisition exposed Riot to increased crypto volatility, although the low interest rate indicated favorable market conditions. The 2030 maturity period also provided a lengthy runway for the company’s growth strategy.
Riot’s capital raise marked one of the most significant fundraising events recently in the crypto mining sector. It signalled strong institutional confidence in the company’s business model and demonstrated Riot’s commitment to future operational expansion.
Riot Platforms doubles down on Bitcoin with substantial additional acquisition
On December 9th, Riot announced its intention to use all proceeds from the offering to purchase more Bitcoin, and it carried through with its plan by acquiring 667 BTC on December 16th. The company had already used a portion of the offering net proceeds to accumulate over 5K BTC between December 10th and 12th.
Riot Platforms increased its BTC holding to 17,429, suggesting plans to expand its Bitcoin reserve significantly and potentially impacting its financial strategy. The Bitcoin mining company acquired and held Bitcoin to enhance stockholder value. Riot reported its BTC Yield KPI indicating a quarter-to-date Yield of 36.7% and a year-to-date Yield of 37.2%.
According to Riot Platforms, the BTC Yield KPI could only be used by pro-level investors to supplement their understanding of the company’s decision to fund the purchase of Bitcoin by issuing additional shares of its common stock. Riot emphasized that the BTC Yield KPI was not equivalent to ‘yield’ in the traditional financial context since it could not be used as an operating performance or liquidity measure.
InvestingPro analysts anticipated that the recent BTC acquisitions would push Riot’s revenue growth to 32% in 2024. InvestingPro data further showed that the company maintained a strong balance sheet with more cash than debt and a healthy current ratio of 5.86x. Recent stock performance was also strong, with a 16% return over the past week and 23% over six months.
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