Riot Platforms Fully Repays Coinbase Credit Loan, Terminating $200 Million Bitcoin-Backed Credit Facility

Odaily reports that Bitcoin News posted on X platform that Riot Platforms fully repaid the principal and accrued interest on its Coinbase Credit credit facility on September 21, with no early termination fees paid, and Coinbase's remaining commitment was simultaneously terminated. The $200 million Bitcoin-backed credit facility carried an interest rate of 6.15% after an April amendment, with annual interest of approximately $12.3 million when fully drawn; as of June 30, Riot Platforms had pledged 5,821 bitcoins, then worth approximately $341 million, representing about 51% of its 11,400 bitcoin holdings, and the related security interests were released upon repayment.