Riot Platforms Increases Bitcoin Holdings With $67.5M BTC Purchase

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The story "Riot Platforms Increases Bitcoin Holdings With $67.5M BTC Purchase" was covered 10 hours ago by CoinGape, a news publisher based in India.

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Riot Platforms Increases Bitcoin Holdings With $67.5M BTC Purchase - CoinGape

Quick Summary:

Riot Platforms, one of the well-known players in Bitcoin mining, has announced its significant expansion in cryptocurrency holdings by acquiring 667 BTC worth around $67.5 million. The company is a dedicated miner operating North America’s largest mining facility.

The acquisition happened just after, a few days ago, company said it bought a total of 5,113 BTC for approximately $510 million.

Primarily a business intelligence and cloud computing services provider, MicroStrategy has been one of the longstanding corporate advocates for cryptocurrency, especially now that Executive Chairman Michael Saylor sees the largest cryptocurrency as an inflation hedge and much superior to any other investment tool.