Reported 10 days ago
Riot Platforms' stock has surged over 100% in the past three months, drawing attention from investors, especially after MicroStrategy's success with Bitcoin. Michael Saylor, executive chairman of MicroStrategy, praises Riot's new strategy of increasing their Bitcoin holdings through both mining and capital raises, suggesting it could mirror MicroStrategy's impressive gains. However, both companies are pursuing risky financial strategies that hinge on Bitcoin's stability.
Source: YAHOO