Riot may unlock 1,547 BTC worth up to $121M without repaying Coinbase’s $200M loan

Riot Platforms may recover an estimated 1,159 to 1,547 BTC from collateral pledged against its $200 million Coinbase loan after Bitcoin rebounded to approximately $78,000. Riot initially pledged 3,977 BTC at the start of the year and added 1,825 BTC in February, bringing total collateral to over 5,800 BTC. The release is not automatic and depends on a request from Riot and Coinbase’s calculation. Reclaiming excess BTC would strengthen Riot’s balance sheet and provide liquidity, while signaling confidence in Bitcoin’s recovery and highlighting how collateralized loans help mining companies manage volatility.

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