Riot repaid its $200 million Coinbase loan and freed 5,821 bitcoin
The bitcoin that secured the loan is worth about $494 million at $84,800 per coin, according to Yahoo Finance.
The loan carried a fixed 6.15% rate and was due in April 2027. Riot finished repaying it on Monday, according to a Friday SEC filing cited by Cointelegraph.
Riot held 11,380 BTC on June 30 and sold 3,778 BTC for $289.5 million in the first quarter, according to Yahoo Finance. The miner signed a 20-year deal to supply Anthropic with 191 megawatts from its Rockdale, Texas campus, valued at about $9 billion according to Bloomberg, as cited by Cointelegraph.
Sources: Yahoo Finance · Cointelegraph