Riot Platforms Repays $200 Million Coinbase Loan Early, Unlocking 5,821 Bitcoin Collateral

Riot Platforms has completed an early repayment of its $200 million credit facility with Coinbase Credit, releasing 5,821 Bitcoin held as collateral. Settled on September 21 ahead of its April 20, 2027 maturity date, the payoff incurred no penalties and fully unencumbers Riot's entire 11,380 BTC treasury. The unlocked collateral was valued at $340.7 million as of June 30 and roughly $494 million at current market prices near $84,800 per BTC. Riot originally secured a $100 million Bitcoin-backed facility in April 2025 before expanding it to $200 million at a 6.15% fixed rate.