$Coinbase Global, Inc.(COIN)$

My HODL : Not financial advice and Trend: Strong bullish momentum with healthy pullbacks. Base L2 and ETF tailwinds support continuation if crypto sentiment holds.

Drivers:

• High trading volume during BTC ETF hype

• USDC float income + partnership with Circle

• Growth of Coinbase Custody + Base L2

Intrinsic Value View (DCF-style):

If Coinbase sustains $4B in revenue with ~20% net margins and 20% YoY growth, fair value range = $220–280/share depending on discount rate. Currently fairly valued to slightly overvalued.

Conclusion:

Coinbase is no longer just a trading platform. It’s becoming Web3’s infrastructure backbone, with scalable revenue beyond fees. If you believe in the future of tokenization, USDC, and compliant crypto rails, $COIN may be a strategic long-term hold—though watch for regulatory headwinds and short-term pullbacks.

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.

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Base L2 and ETF tailwinds support continuation if crypto sentiment holds.\n \nDrivers: \n• High trading volume during BTC ETF hype\n• USDC float income + partnership with Circle\n• Growth of Coinbase Custody + Base L2\n \nIntrinsic Value View (DCF-style):\nIf Coinbase sustains $4B in revenue with ~20% net margins and 20% YoY growth, fair value range = $220–280/share depending on discount rate. Currently fairly valued to slightly overvalued.\n \nConclusion:\n\nCoinbase is no longer just a trading platform. It’s becoming Web3’s infrastructure backbone, with scalable revenue beyond fees. 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