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Riot Platforms Newsroom
Bitcoin has surged! Is the Retirement fund also taking action? A large Australian Retirement fund has rarely allocated Bitcoin.
① AMP Ltd, an Australian retirement and wealth management company, has invested 27 million Australian Dollars in Bitcoin, becoming the country's first large retirement fund to buy Bitcoin. ② The Chief Investment Officer of AMP stated that Bitcoin was purchased in May at a price of 0.06 million to 0.07 million USD, which is part of AMP's Global Strategy for diversification.
The cryptocurrency market continues to soar as Riot Platforms (RIOT.US) announces a significant increase in Bitcoin Hold Positions.
Riot Platforms announced on Friday that the company has significantly increased its Bitcoin Hold Positions recently.
Riot Platforms Options Spot-On: On December 13th, 350.29K Contracts Were Traded, With 1.64 Million Open Interest
On December 13th ET, $Riot Platforms(RIOT.US)$ had active options trading, with a total trading volume of 350.29K options for the day, of which put options accounted for 27.68% of the total
Top Cryptocurrencies Higher; Bitcoin Approaches $102,000
The miner Riot Platforms (RIOT.US) spent 0.5 billion dollars to purchase Bitcoin.
Bitcoin miner Riot Platforms (RIOT.US) rose nearly 11% on Friday and is currently up about 5%. The company disclosed a purchase of over 5,100 Bitcoins for around 0.5 billion USD. Riot stated that between December 10 and 12, it acquired 5,117 Bitcoins at a price of approximately 0.51 billion USD, which equates to an average price of 99,669 USD, bringing its total Bitcoin holdings to 16,728.
What's Going On With Riot Shares Friday?
Riot Platforms Acquires 5,117 Bitcoin For $510Million
U.S. stock market early session | The Nasdaq rose slightly, reaching a new high during the session! Most Cryptos concept stocks increased, with RIOT rising by 6%.
On the evening of the 13th in Peking, the US stock market opened higher on Friday. After Broadcom released its Earnings Reports, its stock price surged, leading to a widespread increase in Technology stocks. The USA's import price Index for November was higher than expected. The market focus shifts to next week's Federal Reserve meeting.
Riot Platforms Announces During December 10, 2024 And December 12, 2024, The Co Acquired ~5,117 Bitcoin For ~$510M At An Average Price Of ~$99,669 Per Bitcoin
Annual review | In 2024, the crypto world will welcome a highlight moment! Bitcoin accelerates towards breaking through the 0.1 million dollar mark, with Trump as a catalyst for explosive growth?
Bitcoin has welcomed multiple historic moments, including the Bitcoin spot ETF, Bitcoin halving, the launch of Bitcoin spot ETF Options, the arrival of the USA's first 'Crypto President', and the 'AI and Crypto Emperor', as well as a historic breakthrough of surpassing 0.1 million dollars.
Breaking news! Ukraine will "legalize" Bitcoin in 2025, and Argentina plans to allow free Trade of Bitcoin.
The Ukrainian government has announced that it expects to officially legalize Cryptos in the first quarter of 2025. Argentine President Milei has previewed a plan to implement free currency circulation in 2025, allowing people in the country to freely choose their currency for Trade, including Bitcoin.
The world's largest asset management firm Blackrock considers that having 2% of Bitcoin in an asset portfolio is "reasonable."
Blackrock stated that Bitcoin cannot be compared to traditional Assets, and the "seven giants" of U.S. stocks can serve as a reference. Generally, each of the seven Stocks accounts for about 1-2% of the overall investment portfolio, and exceeding this range significantly increases the risk proportion. In the long run, Bitcoin may become less risky, and investors might use it to hedge against specific risks, similar to Gold.
The Texas House of Representatives has proposed a bill to establish a Global Strategy for Bitcoin reserves, which may usher in a stronger "policy tailwind" for Bitcoin.
According to foreign media reports, Texas has proposed a bill to establish its own Global Strategy Bitcoin reserve. If passed, this initiative will make the state a pioneer in Cryptos adoption and financial innovation.
Trump rings the opening bell for the NYSE: The stock market is everything, and significant actions will be taken regarding Cryptos.
On Thursday, Donald Trump rang the opening bell at the NYSE. He emphasized the importance of the stock market, stating that the stock market is everything, and plans to take significant actions regarding Cryptos, lower the corporate tax rate to 15%, and increase Petroleum Extraction to alleviate the current inflationary pressures.
Why Riot Platforms Stock Blasted Nearly 5% Higher on Thursday
"Person of the Year" Trump rings the opening bell at the NYSE, emphasizing that "the stock market is everything."
On December 12, the elected President Trump was named Time Magazine's Person of the Year for 2024, ringing the opening bell at the NYSE that day; Trump rang the bell with the CEO of ICE and the CEO of Time Magazine, along with the president of the NYSE, while the CEOs of companies such as Goldman Sachs and Citigroup were present; Trump promised an "unprecedented economy," planned to increase oil drilling to reduce inflation, and committed to lowering the corporate tax rate to 15%.
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Trump rings the opening bell for the NYSE: the stock market is everything, and there will be a big push in the Cryptos field.
Trump seized this opportunity to make a new round of tax cut promises, and also promised to "make significant moves in the Cryptos sector."
Riot Platforms Options Spot-On: On December 12th, 511.03K Contracts Were Traded, With 1.53 Million Open Interest
On December 12th ET, $Riot Platforms(RIOT.US)$ had active options trading, with a total trading volume of 511.03K options for the day, of which put options accounted for 25.63% of the total
Starboard Value Takes Stake in Riot Platforms ($RIOT), Shares Surge 14%