Riot Platforms fully repaid the Coinbase Credit loan, ending the $200 million Bitcoin-backed credit line

Bitcoin News posted on platform X that Riot Platforms fully repaid the principal and accrued interest of the Coinbase Credit line on September 21, without paying the early termination fee, and the remaining commitment amount from Coinbase was simultaneously closed.

The $200 million credit line secured by Bitcoin had an interest rate of 6.15% after being revised in April, with annual interest of approximately $12.3 million when fully drawn. As of June 30, Riot Platforms had pledged 5,821 Bitcoins, valued at approximately $341 million at the time, accounting for about 51% of its total holding of 11,400 Bitcoins, and the related collateral rights were released upon repayment.