Coinbase arranged the $100 million credit facility for Riot Platforms through its credit division

Event date

April 23, 2025

Quotes that support claims

The $100 million loan from Coinbase’s credit arm marks Riot’s “first Bitcoin-backed facility,” CEO Jason Les said in an April 23 statement.

The credit facility was arranged by Coinbase’s credit division, with Bitcoin used as collateral. Riot is leveraging 19,223 BTC, valued at over $1.8 billion, to secure the loan.

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Week 17 of 2025