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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Riot Platforms Obtains $100 Million Bitcoin-Backed Credit Line Backed Through Coinbase
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Riot Platforms used its 19,223 Bitcoin, valued near $1.8 billion in April 2025, to secure its loan from Coinbase
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Coinbase arranged the $100 million credit facility for Riot Platforms through its credit division
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