23 Articles
23 Articles
Coinbase Stock Accelerates Dip As Crypto Exchange Announces $2,000,000,000 Debt Offering
The leading US-based crypto exchange by trading volume is experiencing a drop in stock value while it announces a $2 billion debt offering. Today, Coinbase Global (COIN) announced plans to offer $2 billion in convertible senior notes through a private placement to qualified institutional buyers. The offering, which is subject to market conditions, includes $1... The post Coinbase Stock Accelerates Dip As Crypto Exchange Announces $2,000,000,000 …
Coinbase Plans $2 Billion Private Convertible Note Offering Following Q2 Results
Nasdaq-listed cryptocurrency exchange Coinbase has announced plans to raise $2 billion through a private convertible note offering following a weaker-than-expected second-quarter performance. The move comes as COIN shares recorded a 15% decline on August 4, reflecting market reactions to the company’s reported drop in revenue and increased operational costs. Details of the Convertible Note Offering According to the announcement, the proposed fun…
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