LogoBlack
ENarrow-down
  • JP
  • EN
Crypto

Riot signs $142 million loan deal with Coinbase, secured by Bitcoin

2025/04/24CoinPost
Written by A.Yamada
SHARE
  • sns-x-icon
  • sns-facebook-icon
  • sns-line-icon
Riot signs $142 million loan deal with Coinbase, secured by Bitcoin
table of contents hamburger

Table of Contents

  1. Secured BTC-backed credit facility

Secured BTC-backed credit facility

Cryptocurrency mining company Riot Platforms announced on the 23rd that it has signed a $100 million (approximately 14.3 billion yen) loan agreement with Coinbase secured by Bitcoin (BTC).

Coinbase will provide Riot with a multi-draw loan totaling up to $100 million for two months after the credit facility is signed.

Riot CEO Jason Les explained:

We have signed the first Bitcoin-secured loan agreement, which allows us to raise capital without dilution at an attractive fundraising cost.

This...

SHARE
  • sns-x-icon
  • sns-facebook-icon
  • sns-line-icon
Side Banner
Side Banner
MAGAZINE
Iolite Vol.13

Iolite Vol.13

May 2025 issueReleased on 2025/03/28

Interview Iolite FACE vol.13 Joseph Lubin, co-founder of Ethereum and founder of Consensys PHOTO & INTERVIEW Yusuke Narita Features: "Dawnbreak Players 30: 30 Web 3.0 Players to Watch in 2025", "How to Use EXPO2025 DIGITAL WALLET", "The Global Controversy Over Meme Coins: What Happened in the U.S. and Argentina", "Finally, Technology Has Entered the Social Implementation Phase: Examples of Web 3.0 Use in an Era of Declining Population" Crypto Journey: Interview with Mohsin, a Popular Crypto YouTuber Special Series: Virtual Nishi: "Market Trends in Crypto Assets and Key Points to Interpret" Series: Tech and Future: Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.13

May 2025 issueReleased on 2025/03/28
Interview Iolite FACE vol.13 Joseph Lubin, co-founder of Ethereum and founder of Consensys PHOTO & INTERVIEW Yusuke Narita Features: "Dawnbreak Players 30: 30 Web 3.0 Players to Watch in 2025", "How to Use EXPO2025 DIGITAL WALLET", "The Global Controversy Over Meme Coins: What Happened in the U.S. and Argentina", "Finally, Technology Has Entered the Social Implementation Phase: Examples of Web 3.0 Use in an Era of Declining Population" Crypto Journey: Interview with Mohsin, a Popular Crypto YouTuber Special Series: Virtual Nishi: "Market Trends in Crypto Assets and Key Points to Interpret" Series: Tech and Future: Toshinao Sasaki, etc.