10 Companies Hoarding Bitcoin Like There’s No Tomorrow

3. Riot Platforms, Inc. (NASDAQ:RIOT)

Bitcoin Holdings: 17,429

Number of Hedge Fund Holders: 19

Riot Platforms, Inc. (NASDAQ:RIOT) focuses on Bitcoin mining across North America. The company offers co-location services and infrastructure for large-scale Bitcoin mining operations, providing support for miner deployment and operations. Riot also manages data centers and maintains computing capacities.

According to the company’s recent 8-K filings, it purchased about 667 Bitcoin for approximately $67.5 million, with an average cost of $101,135 per Bitcoin, including fees and expenses between December 12 and December 13, 2024. By December 13, its total Bitcoin holdings had grown to 17,429. These acquisitions were funded using part of the proceeds from the issuance and sale of the 2030 Notes, along with existing cash reserves. Riot Platforms, Inc. reported a Bitcoin yield of 36.7% for the period between October 1, 2024, and December 13, 2024. For the timeframe spanning January 1, 2024, to December 13, 2024, the Bitcoin yield was 37.2%.