$Coinbase Global, Inc.(COIN)$ Is Coinbase Playing Chess or Rolling the Dice? Coinbase Global Inc. (NASDAQ: COIN), the largest publicly traded cryptocurrency exchange in the United States, made headlines again this week with the announcement of a $2.3 billion convertible senior notes offering due in 2030. The move, designed to raise significant capital via a zero-coupon convertible debt instrument, has sharply divided analysts and investors alike. Is this a shrewd maneuver that strengthens the company’s war chest for strategic expansion in a volatile industry—or a financial red flag signaling possible liquidity strains amid a cooling crypto market? This isn’t Coinbase’s first foray into convertible notes. The company previously tapped into this met
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?
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