Coinbase To Raise $1,000,000,000 in Convertible Bonds From Institutional Buyers As COIN Rallies 81% in a Month

Top US-based crypto exchange platform Coinbase says it will be raising $1 billion worth of convertible bonds from institutions. In a new press release, Coinbase announced today its intention to privately offer $1 billion worth of convertible notes due in 2030  to “persons reasonably believed to be qualified institutional buyers.” “The notes will be senior, […] source: https://dailyhodl.com/2024/03/13/coinbase-to-raise-1000000000-in-convertible-bonds-from-institutional-buyers-as-coin-rallies-81-in-a-month/