Riot Platforms Could Reclaim Up to 1,547 BTC From Coinbase Loan Collateral as Bitcoin Rebounds

BitcoinWorld Riot Platforms Could Reclaim Up to 1,547 BTC From Coinbase Loan Collateral as Bitcoin Rebounds Riot Platforms, one of the largest U.S.

Bitcoin mining companies, may be positioned to recover as much as 1,547 BTC from additional collateral it posted during a loan agreement with Coinbase, according to a recent analysis.

The potential recovery follows a rebound in Bitcoin’s price, which has improved the loan-to-value ratio of the collateral backing the company’s $200 million credit facility.

Background: Riot’s Collateral Pledge and Bitcoin’s Decline At the start of the year, Riot pledged 3,977 BTC to secure the loan from Coinbase.