🚀 Coinbase Joins the S&P 500 -To The Moon - Tiger Brokers Online Investing Community - To The Moon

🚀 Coinbase Joins the S&P 500 – Big Win for Crypto & Wall Street Drama!

Big headline just dropped, and it’s juicy:

• 📅 Effective Monday, May 20 — Coinbase (COIN) enters the S&P 500
• 🔁 Replacing Discover Financial, which is being acquired by Capital One
• 📈 Stock jumped 9%+ after-hours, now around $225
• 💼 Market cap: $50.8 billion
• 🥇 First time a pure crypto player makes it into the S&P 500
• 🏦 Institutions will now have to buy COIN to track the index
• 🔥 Crypto is no longer the outsider — it’s crashing the Wall Street party

Cheeky thought:
The same folks who once called crypto a fad will now be forced to hold COIN in their retirement portfolios. Gotta love how the market humbles everyone eventually!

Trade Idea?
Might be worth a look at short-dated bullish spreads or LEAPS if you think this inclusion will fuel more inflows. Just saying… you can watch about how I do spreads on the previous live webinar

More action coming. Stay tuned.

— Pete

Coinbase $2.3B Convertible Note: Smart Move or Red Flag?

Coinbase Global was down 6.3%. The crypto exchange unveiled a convertible note offering worth up to $2.3 billion on Tuesday. Coinbase said it plans to offer $1 billion in convertible senior notes due in 2029, and $1 billion due in 2032 in a private offering. The company also expects to grant options to purchase up to an additional $150 million of each set of notes. -------- How do you view a company issuing new shares at high levels? Is it a case of cashing out on retail investors, or simply a good time to raise funds? At what price would it be a good opportunity to buy the dip?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Venus Reade
05-14
Venus Reade
This could rocket up to $300
Enid Bertha
05-14
Enid Bertha
coin will be up minimum 200% after joining s&p 500.

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The crypto exchange unveiled a convertible note offering worth up to $2.3 billion on Tuesday. Coinbase said it plans to offer $1 billion in convertible senior notes due in 2029, and $1 billion due in 2032 in a private offering. The company also expects to grant options to purchase up to an additional $150 million of each set of notes.\n--------\nHow do you view a company issuing new shares at high levels?\nIs it a case of cashing out on retail investors, or simply a good time to raise funds?\nAt what price would it be a good opportunity to buy the dip?","image":"https://community-static.tradeup.com/news/cd7289268bbe607b93ebe7feace03261"}],"images":[{"img":"https://community-static.tradeup.com/news/26fbe61e3fde8f874521a003caa2b007","width":"1724","height":"1476"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/26fbe61e3fde8f874521a003caa2b007","width":"1724","height":"1476"}],"html":"<html><head></head><body>🚀 Coinbase Joins the S&amp;P 500 – Big Win for Crypto &amp; Wall Street Drama!\n<br>\n<br>\nBig headline just dropped, and it’s juicy:\n<br>\n<br>\n• 📅 Effective Monday, May 20 — Coinbase (COIN) enters the S&amp;P 500\n<br>\n• 🔁 Replacing Discover Financial, which is being acquired by Capital One\n<br>\n• 📈 Stock jumped 9%+ after-hours, now around $225\n<br>\n• 💼 Market cap: $50.8 billion\n<br>\n• 🥇 First time a pure crypto player makes it into the S&amp;P 500\n<br>\n• 🏦 Institutions will now have to buy COIN to track the index\n<br>\n• 🔥 Crypto is no longer the outsider — it’s crashing the Wall Street party\n<br>\n<br>\nCheeky thought:\n<br>\nThe same folks who once called crypto a fad will now be forced to hold COIN in their retirement portfolios. 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Stay tuned.\n<br>\n<br>\n— Pete<img src=\"https://community-static.tradeup.com/news/26fbe61e3fde8f874521a003caa2b007\" tg-width=\"1724\" tg-height=\"1476\"></body></html>","htmlText":"<html><head></head><body>🚀 Coinbase Joins the S&amp;P 500 – Big Win for Crypto &amp; Wall Street Drama!\n<br>\n<br>\nBig headline just dropped, and it’s juicy:\n<br>\n<br>\n• 📅 Effective Monday, May 20 — Coinbase (COIN) enters the S&amp;P 500\n<br>\n• 🔁 Replacing Discover Financial, which is being acquired by Capital One\n<br>\n• 📈 Stock jumped 9%+ after-hours, now around $225\n<br>\n• 💼 Market cap: $50.8 billion\n<br>\n• 🥇 First time a pure crypto player makes it into the S&amp;P 500\n<br>\n• 🏦 Institutions will now have to buy COIN to track the index\n<br>\n• 🔥 Crypto is no longer the outsider — it’s crashing the Wall Street party\n<br>\n<br>\nCheeky thought:\n<br>\nThe same folks who once called crypto a fad will now be forced to hold COIN in their retirement portfolios. Gotta love how the market humbles everyone eventually!\n<br>\n<br>\nTrade Idea?\n<br>\nMight be worth a look at short-dated bullish spreads or LEAPS if you think this inclusion will fuel more inflows. Just saying… you can watch about how I do spreads on the previous live webinar&nbsp;\n<br>\n<br>\nMore action coming. Stay tuned.\n<br>\n<br>\n— Pete<img src=\"https://community-static.tradeup.com/news/26fbe61e3fde8f874521a003caa2b007\" tg-width=\"1724\" tg-height=\"1476\"></body></html>","text":"🚀 Coinbase Joins the S&P 500 – Big Win for Crypto & Wall Street Drama! Big headline just dropped, and it’s juicy: • 📅 Effective Monday, May 20 — Coinbase (COIN) enters the S&P 500 • 🔁 Replacing Discover Financial, which is being acquired by Capital One • 📈 Stock jumped 9%+ after-hours, now around $225 • 💼 Market cap: $50.8 billion • 🥇 First time a pure crypto player makes it into the S&P 500 • 🏦 Institutions will now have to buy COIN to track the index • 🔥 Crypto is no longer the outsider — it’s crashing the Wall Street party Cheeky thought: The same folks who once called crypto a fad will now be forced to hold COIN in their retirement portfolios. Gotta love how the market humbles everyone eventually! Trade Idea? Might be worth a look at short-dated bullish spreads or LEAPS if you think this inclusion will fuel more inflows. Just saying… you can watch about how I do spreads on the previous live webinar More action coming. 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