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Riot Platforms shares dip despite $500 million Bitcoin acquisition strategy – TON BOT

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Riot Platforms shares dip despite $500 million Bitcoin acquisition strategy

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Despite announcing a strategic Bitcoin purchase plan, Riot Platforms’ shares fell nearly 10%. The company plans to raise $500 million through a convertible senior notes offering to fund Bitcoin acquisitions. This financing strategy aligns with moves made by other mining rivals like Marathon Digital, reflecting a broader decline in crypto-related equities.

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