Coinbase, the largest cryptocurrency exchange in the USA, plans to sell $ 1 billion worth of bonds.
Cryptocurrency exchange Coinbase, $1 billion bond plans to raise funds by selling it. This move comes at a time when the company’s stock price is high with the recent cryptocurrency rally, while the proceeds will be used to pay off existing debts and operational expenses It was stated that it would be used to meet the
Bonds to be sold It will mature in 2030 While expressing that investors $150 million more in the first 30 days will be able to purchase bonds.
Investors who purchase the bonds will be able to convert them into Coinbase shares in the future. These investors could potentially make a profit if the stock price continues to rise.
Coinbase in 2022 FTX It’s had a rough year due to its collapse and legal troubles with federal regulators. These events significantly affected the company’s revenues and stock price.
However, the recent cryptocurrency rally has sent Coinbase’s stock price significantly higher. The company is currently It has a market capitalization of $61.58 billion. reached. It is thought that the company plans to benefit more from the rising season in cryptocurrencies thanks to these sales.
Coinbase’s sale of $ 1 billion bonds, the company’s to improve its financial position and focus on long-term growth It was interpreted as a step. This move could also help the company consolidate its leading position in the cryptocurrency market.
MicroStrategy, the largest corporate Bitcoin whale, recently announced that it bought Bitcoin by selling $ 800 million worth of bonds.