ConvertibleActiveBTC
0.75% Convertible Notes due 2030
RIOT-Jan30
BTC Holdings
15,680 BTC
Total Debt
$853.66M
Leverage
55.6%
mNAV
5.64x
Outstanding
$594.38M
Issue date
2024-12-11
Principal
$594.40M
Coupon
0.75%
Maturity
2030-01-15
Conversion price
$14.86
Terms & Documentation
Terms
- BTC strategy
- Yes
- Ranking
- Senior unsecured
- Settlement
- Issuer election
- Payment frequency
- Semi-annual
- Payment dates
- Jan 15, Jul 15
- Rate type
- Fixed
- Forced conversion
- On or after Jan 20 2028 if Daily VWAP >= 130% of conversion price for at least 20 trading days (whether or not consecutive) in any 30 consecutive trading day period. Redemption at 100% of principal plus accrued interest.
- Put provision
- Upon fundamental change, holders may require repurchase at 100% of principal plus accrued interest
- Use of proceeds
- BTC acquisition and general corporate purposes
Sources(1)
- Form 8-K (convertible not…FilingForm 8-K (convertible notes closing)Riot Platforms Inc. — 2024-12-11
Participants
Holders & Underwriters(3)
- Form 8-K (convertible not…Citigroup Global Markets Inc.underwriteras of 2024-12-11
- Form 8-K (convertible not…BTIG, LLCunderwriteras of 2024-12-11
- Form 8-K (convertible not…Cantor Fitzgerald & Co.underwriteras of 2024-12-11
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | — | $594.38M | Form 10-K (FY 2025) |
| 2025-09-30 | — | $594.40M | Form 10-Q (Q3 2025) |
| 2024-12-11 | Issuance | $594.40M |
- 2025-12-31 — $594,383,000Note 12 — Debt — filing — Riot Platforms Inc.Source
- 2025-09-30 — $594,400,000Note 12 — Debt — filing — Riot Platforms Inc.Source
- 2024-12-11 — $594,400,000