Riot Platforms Secures $100M Bitcoin-Backed Credit Line From Coinbase

Riot Platforms, a leading Bitcoin mining company, has entered into a $100 million credit agreement with Coinbase’s credit division, using Bitcoin as collateral. This strategic move aims to provide short-term funding for the miner’s expansion plans without diluting shareholder value through new share issuance. The credit facility, which will be utilized over the next two months, underscores the growing acceptance of Bitcoin as a viable asset for securing traditional financing. Riot Platforms, which currently holds 19,223 BTC valued at over $1.8 billion, continues to strengthen its position in the competitive Bitcoin mining industry. This development highlights the increasing integration of cryptocurrency into mainstream financial systems and could have significant implications for Bitcoin’s market dynamics. The variable interest rate structure of the loan also reflects the evolving nature of crypto-backed financial products. As of April 2025, this deal represents one of the largest Bitcoin-collateralized credit facilities in the industry, potentially setting a precedent for other mining companies seeking alternative financing options.

Riot Platforms Secures $100M Bitcoin-Backed Credit Line From Coinbase

Riot Platforms, a Bitcoin (BTC) miner, has secured a $100 million credit agreement with Coinbase’s credit arm. The deal uses Bitcoin as collateral to secure short-term funding for the miner’s ongoing expansion. Riot plans to draw on the facility over the next two months. The publicly traded mining firm currently holds 19,223 BTC worth over $1.8 billion. The credit facility avoids issuing new shares and offers a variable interest rate of at least 7.75% annually. CEO Jason Les stated that this credit facility is a key part of their efforts to diversify sources of financing to support operations and strategic growth initiatives.

Bitcoin Breaches ’Ichimoku Cloud’ to Flash Bullish Signal

Bitcoin (BTC) has surpassed a key resistance, rising over 5% to $93,500 in 24 hours. The leading digital asset by market value has topped the ’Ichimoku Cloud,’ confirming a bullish shift in momentum, while other major cryptocurrencies lag. The Ichimoku cloud is used to identify support and resistance, momentum, and trend change in price actions.

Citrea Deploys Bridge to Expand Bitcoin’s Utility in DeFi

Citrea, a Bitcoin rollup project, has deployed its Clementine Bridge on the Bitcoin testnet. The bridge uses BitVM2 to verify layer 2s and sidechains, allowing for expanded decentralized finance (DeFi) use cases on Bitcoin. It aims to solve the bottleneck of using BTC in a programmable environment by providing a trust-minimized way to bridge BTC for DeFi use.

Satoshi Nakamoto’s Bitcoin Holdings Surpass $100 Billion

The worth of Bitcoin holdings by pseudonymous creator Satoshi Nakamoto has surpassed the $100 billion mark. This milestone comes as Bitcoin’s price reclaims the $94,500 level, a significant rebound from a five-month low of $74,400 earlier this month. Data shows Satoshi holds approximately 1.1 million BTC. As Bitcoin climbs, the portfolios of steadfast holders are also seeing notable improvement.

Bitcoin ETFs See Major Inflows, Bitcoin Price Rallies

U.S.-listed spot Bitcoin ETFs saw nearly $1 billion in net inflows on Tuesday, pushing the total weekly inflows to $1.2 billion. This indicates renewed institutional interest. Notably, ten of the eleven spot Bitcoin ETFs attracted capital this week. The broader pool of assets under management in these products has now reached $103.4 billion. Additionally, Bitcoin’s price climbed above $93,000 for the first time since early March, reaching $93,712.

CryptoQuant CEO Identifies Level Bitcoin Must Reach to Confirm Bull Market

Bitcoin’s recent rebound has traders eyeing a critical resistance level as a potential turning point for market sentiment. The cryptocurrency surged more than 9% in just two days, briefly topping $90,000 for the first time in over a month. Though it has since pared some gains, its ability to hold above $93,000 has reignited Optimism among analysts. CryptoQuant CEO Ki Young Ju underscores the importance of Bitcoin reclaiming a specific threshold to confirm a sustained bullish shift. The rally comes amid renewed institutional interest and broader macroeconomic tailwinds, suggesting the momentum may have staying power. Market watchers are now assessing whether this uptick marks the beginning of a broader recovery or another fleeting rally in Bitcoin’s volatile cycle.