Coinbase priced its offering of $1.25B

Coinbase priced its offering of $1.25B of Convertible Senior Notes for long term growth and expansionYesterday we announced the pricing of $1.25 billion aggregate principal amount of Convertible Senior Notes. We wanted to take this opportunity to share our thought process behind this capital raise.We believe this capital raise represents an opportunity to bolster our already strong balance sheet with low cost capital that maintains operating freedom, minimizes dilution for Coinbase’s stockholder...

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