Funding for Bitcoin acquisition
Company: Riot
The claim, verbatim
Bitcoin purchases were funded using net proceeds from 0.75% convertible senior notes due 2030 and cash on hand
Source (primary)
Riot 8-K filed 2024-12-13 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Bitcoin purchases were made using a portion of the net proceeds from the offering of its 0.75% convertible senior notes due 2030 as well as cash on hand”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing says the purchases used a portion of the net proceeds from the 0.75% convertible senior notes due 2030 plus cash on hand, which matches the claim.
Confirmed in the source:
- Riot's Bitcoin purchases were funded with net proceeds from its offering of 0.75% convertible senior notes due 2030
- Riot's Bitcoin purchases were also funded with cash on hand
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000155837024016217/riot-20241213x8k.htm) in full (3,020 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2024-12-13
Quote: “The Bitcoin purchases were made using a portion of the net proceeds from the offering of its 0.75% convertible senior notes due 2030 as well as cash on hand”