Bitcoin mining company Riot has revised its $200 million Bitcoin collateral loan agreement with Coinbase to reduce short-term price volatility risks.


The key changes in the new agreement include: switching the loan interest rate from floating to fixed; allowing a one-year loan extension; introducing the "two-day rule," meaning that the value of the collateralized BTC must fall below the threshold for two consecutive days before triggering stricter margin calls.
Additionally, Riot sold 3,778 BTC (approximately $289 million) in the first quarter of this year, and the number of restricted BTC used as collateral has increased to 5,802 BTC. (The Energy Mag)
BTC-0.67%
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