Riot Platforms Repays $200 Million Coinbase Loan, Reclaiming 5,821 Bitcoin

Riot Platforms has fully repaid a $200 million loan to Coinbase, releasing 5,821 Bitcoin previously held as collateral. The reclaimed assets are valued at approximately $494 million based on a price of $84,800 per Bitcoin. According to an 8-K filing, the debt was cleared on September 21, seven months ahead of the April 2027 maturity date, with no early repayment penalties. While the company now has unrestricted access to these holdings, it has not disclosed its plans for the assets or how the repayment funds were sourced. Riot is currently focusing on expanding its Texas facilities into artificial intelligence data centers.