{"id":42656,"date":"2021-05-18T10:01:30","date_gmt":"2021-05-18T07:01:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42656"},"modified":"2025-08-31T00:12:42","modified_gmt":"2025-08-30T21:12:42","slug":"coinbase-to-raise-1-25-billion-as-stock-slides","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-to-raise-1-25-billion-as-stock-slides\/","title":{"rendered":"Coinbase to raise $1.25 billion as stock slides"},"content":{"rendered":"

The Nasdaq-listed Bitcoin exchange Coinbaseannounced<\/a> a private placement of convertible notes worth $1.25 billion due 2026.<\/p>\n

\\n\\n\\n\\n\\n\\n\\n\\n<\/p>\n

Qualified institutional investors will be able to participate in buying the debt securities. The first tranche will offer up to $187.5 million of the notes for purchase within 30 days.<\/p>\n

\\n\\n\\n\\n<\/p>\n

The notes are unsecured senior obligations of Coinbase. Interest will be paid semi-annually.<\/p>\n

\\n\\n\\n\\n<\/p>\n

The notes will mature on June 1, 2026, unless Coinbase redeems or converts them earlier in accordance with their terms.<\/p>\n

\\n\\n\\n\\n<\/p>\n

\n

The securities are convertible, at Coinbase’s option, into cash, Coinbase Class A ordinary shares, or a combination thereof.<\/em><\/p>\n<\/blockquote>\n

\\n\\n\\n\\n<\/p>\n

On Monday, May 17, Coinbase stock (ticker: COIN) fell below the reference price ($250)<\/a> for the first time. The decline came as the broader cryptocurrency market corrected \u2014 Bitcoin briefly touched $42,185<\/a>.<\/p>\n

\\n\\n\\n\\n<\/p>\n

\\\"Coinbase<\/figure>\n

\\n\\n\\n\\n<\/p>\n

On April 14, the direct listing of Coinbase shares<\/a> on Nasdaq took place. The opening price was $381. During the first session, the company’s market capitalization exceeded $85 billion.<\/p>\n

\\n\\n\\n\\n<\/p>\n

Earlier this month, Deutsche B\u00f6rse announced the delisting of COIN shares due to an error in the LEI code<\/span>, after which the securities fell 12%.<\/p>\n

\\n\\n\\n<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nasdaq-listed Bitcoin exchange Coinbase announced a private placement of convertible notes worth $1.25 billion with a maturity in 2026.<\/p>\n","protected":false},"author":1,"featured_media":42657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1156,52,1211],"class_list":["post-42656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-institutional-investors-and-whales","tag-investments","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42656"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42656\/revisions"}],"predecessor-version":[{"id":42658,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42656\/revisions\/42658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42657"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}