Coinbase plans to raise $1B through convertible note offering amid Bitcoin’s record highs
Coinbase exchange plans to raise $1 billion through convertible notes, targeting institutional investors amid bitcoin’s growth and US bitcoin ETFs setting records. Furthermore, the notes will mature by 2030 and can be converted into cash, Class A stock, or a mix of both. Plus, the company aims to allocate the funds towards general corporate needs and settle existing debts. This includes convertible senior notes and senior notes due between 2026