Riot Clears $200M Coinbase Credit Line and Unlocks Crypto Collateral
Bitcoin miner Riot Platforms fully prepaid its Coinbase Credit facility, settling outstanding principal and interest and ending the agreement without an early-termination fee. The credit line offered up to $200 million and was secured by Bitcoin, USDC and cash held with Coinbase Custody. With the debt discharged, Coinbase released its security interests in those assets, according to Riot’s SEC filing.
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