Bitcoin acquisition using convertible notes proceeds
Company: Riot
The claim, verbatim
Company intends to use net proceeds from convertible notes offering to fund acquisition of additional Bitcoin and for general corporate purposes
Source (primary)
Riot 8-K filed 2024-12-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company intends to use the net proceeds from the sale of the notes to fund its acquisition of additional Bitcoin and for general corporate purposes.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states the company intends to use the net proceeds to fund its acquisition of additional Bitcoin and for general corporate purposes.
Confirmed in the source:
- The company intends to use the net proceeds from the convertible notes offering to fund the acquisition of additional Bitcoin
- The company intends to use the net proceeds for general corporate purposes
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465924127656/tm2430044d5_8k.htm) in full (11,709 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2024-12-11
Quote: “The Company intends to use the net proceeds from the sale of the notes to fund its acquisition of additional Bitcoin and for general corporate purposes.”