Coinbase Plans to Sell $1B Bond Amidst Crypto and Stock Surge

Coinbase, the sole publicly traded cryptocurrency exchange in the United States, has unveiled plans to capitalize on the recent surge in digital assets by raising $1 billion through convertible bonds. This move aims to sidestep an equity sale that could potentially dampen its stock price. To fuel its crypto ambitions, it draws inspiration from the strategy embraced by Michael Saylors MicroStrategy. Strategic Debt Offering On Tuesday, Coinbase announced its intention to offer unsecured convertible senior notes through a private offering. These convertible bonds allow for conversion...


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