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Bitcoin Miner Riot Platforms Buys $510 Million in BTC Following Private Offering - Decrypt

Retrieved on: 2024-12-13 17:08:48

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Summary

The article discusses Bitcoin mining firms, like Riot Platforms, increasing their cryptocurrency holdings as a financial strategy reminiscent of actions taken by MicroStrategy during the Covid-19 pandemic. These activities involve large Bitcoin purchases amid evolving perceptions about cryptocurrency legality and its use as an inflation hedge.

Article found on: decrypt.co

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