Coinbase Announces $2 Billion Convertible Bond Offering Amid Q2 Revenue Decline

Description

Coinbase plans a $2 billion convertible bond offering split into 2029 and 2032 tranches. Bonds convertible into shares or cash; investors can buy an extra $300M in notes. Following Q2 revenue decline, Coinbase shares dropped 15%, but analysts remain optimistic. Cryptocurrency exchange Coinbase has announced plans to raise $2 billion through a private placement of convertible bonds. According to the company, the issue will be divided into two tranches, maturing in 2029 and 2032. Each tranche will...