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During the last few days, the BTC Mining company, Riot Platforms, made headlines for a massive purchase of Bitcoin for its reserves. Recently, the firm raised just over $500 million through the issuance of convertible notes. A few hours ago, the company announced the purchase of BTC for $510 million, which caused RIOT shares to rise considerably.
According to data from Yahoo Finance, the mining company’s shares opened the week with an exchange value of $11.50 per unit. Meanwhile, at the close of trading on Friday, the price was $12.99 per share. The latter reflects a weekly increase of 12.96%.
The fact that this powerful mining company is moving to the Bitcoin pattern in a more decisive way becomes a fact of great interest. Firstly, it reflects the confidence they have in the price of Bitcoin in the short and long term. Meanwhile, with the successful precedent of MicroStrategy, investing in BTC becomes one of the most attractive in the eyes of investors.
In this way, any company that is dedicated to adding BTC to its balance sheets could count on the favor of Wall Street. With this in perspective, it can be said that RIOT shares present themselves as one of the greatest promises for 2025.
RIOT shares are presented as one of the most attractive options for investors. Source: Yahoo Finance
Is RIOT Stock a Good Investment?
The move by some companies towards the Bitcoin pattern, that is, recurring purchases of BTC to add to their reserves, is highly positive. From the point of view of the company and also its investors, the outlook seems positive due to the constant appreciation of BTC. In simple words, any company that decides to buy Bitcoin for its balance sheets presents itself as a winning option.
In the case of mining companies, the issue seems much more attractive compared to other firms such as MicroStrategy itself. The latter has been on a roll for a few quarters, while the miners are coming off a strong bear market as a result of the halving.
In this way, companies like MARA or RIOT could be just at the beginning of a rally of enormous dimensions that would reach the peak in 2025. In this way, the shares of mining companies that enter the BTC pattern could be considered among the most promising of stock market investors.
One aspect to consider is that the regulatory environment in the United States could lead to a very favorable situation. Add to this the continued rate cut by the Federal Reserve, and it’s safe to say that stocks could be in for a good ride.
Disclaimer: This work is for informational purposes only and should under no circumstances be taken as an invitation or investment advice. Stocks are highly volatile assets and placing capital in them can lead to total losses.
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