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 billion in notes due by 2029 and another $1 billion due by 2032. Coinbase says it may also grant initial purchasers options to buy up to an additional $150 million of each series within 13 days of issuance. Coinbase says the notes will be senior, unsecured obligations and will accrue interest that can be paid out semiannually. The notes will be convertible into cash, shares of Coinbase’s Class A common stock, or a combination of the two funding options, at the company’s discretion. Terms such as interest rate and conversion rate are to be determined at pricing. Coinbase also plans to enter into capped call transactions to mitigate potential dilution and offset excess cash payments upon conversion. Proceeds from the offering are expected to support general corporate purposes, including capital expenditures and potential acquisitions. Following the announcement, COIN has tumbled 4.9%, currently trading for $302.56, about 30% down from its all-time high. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Coinbase Stock Accelerates Dip As Crypto Exchange Announces $2,000,000,000 Debt Offering appeared first on The Daily Hodl .