Riot Platforms Eyes Potential Return of Up to 1,547 BTC From Coinbase Loan

Riot Platforms, one of the largest U.S. Bitcoin mining companies, may be able to recover up to 1,547 BTC from its loan agreement with Coinbase.

The company pledged a total of over 5,800 BTC as collateral for the $200 million credit facility after Bitcoin's price fell in February. However, with the recent rebound in Bitcoin's price to around $78,000, the value of the collateral has increased, reducing the loan-to-value ratio to about 44%.

According to the loan terms, an estimated 1,159 to 1,547 BTC now exceeds the required collateral level and could be returned to Riot. However, it remains unconfirmed whether Riot has formally requested the return, and the final amount would depend on Coinbase's calculation.