Riot Platforms said Friday it expanded its Bitcoin holdings, days after MicroStrategy snapped up more of the world’s largest token. Riot said it acquired 5,117 Bitcoin for roughly $510 million between Dec.

Publicly traded Bitcoin (BTC) mining firm Riot Platforms just added a massive amount of the flagship crypto to its corporate treasury.

Riot completes a $525M offering to bolster Bitcoin acquisitions and operations, holding 12,000 Bitcoin, valued at $1.2B.

Starboard is in discussions with Riot's management to potentially covert some of its facilities into data centers, the Journal reported.

Riot aims to add more Bitcoin to its stash, which already ranks third-largest among publicly traded companies.

Bitcoin miner Riot Platforms aims to raise $500 million through convertible bonds to buy Bitcoin. The move follows other major crypto acquisitions as Bitcoin nears its all-time high.

Riot Platforms raises $500M in convertible notes to buy Bitcoin, indicating increased confidence in cryptocurrency.

Activist investor Starboard Value has built a significant position in Riot Platforms and is pushing for changes at the bitcoin-mining operator, according to people familiar with the matter. Riot, based in Castle Rock,

Riot Platforms stock climbed Thursday on a report that activist investor Starboard Value had taken a stake in the Bitcoin mining company. Shares of Riot Platforms rose 10% to $12.95, though they traded as high as $13.