✉news BusinessCrypto first seen 12 h ago, last 2 h ago, peak #11
Riot Unlocks $494 Million in Bitcoin From Coinbase Loan
Original: Riot Frees $494 Million in Bitcoin From Coinbase Loan: Will It Sell?
Bitcoin miner Riot Platforms has released roughly $494 million worth of bitcoin after repaying or restructuring a loan facility with crypto exchange Coinbase, giving the company full control over its holdings again. Financial media are now speculating whether Riot will sell the freed-up bitcoin to fund operations or continue holding it, a question closely watched as miners face pressure on margins.
Why now: The scale of the freed collateral and uncertainty over whether Riot will sell into the market has drawn trader attention.
Evidence
- Riot Frees $494 Million in Bitcoin From Coinbase Loan: Will It Sell? · Yahoo Finance
- Riot Frees $494 Million in Bitcoin From Coinbase Loan: Will It Sell? · BeInCrypto
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