Riot Platforms Seeks Return of $1.5 Billion Worth of Recovered BTC

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

This is due to a rebound in Bitcoin's price, which has improved the loan-to-value ratio of the collateral backing Riot's $200 million credit facility.

Riot initially pledged 3,977 BTC to secure the loan and added an additional 1,825 BTC in February as the market declined.

The total pledged collateral now exceeds 5,800 BTC, and Bitcoin's recent price increase has reduced the loan-to-value ratio to around 44%.