Coinbase gather $2.6B through Convertible Debt Offering
Coinbase don set price for $2.6 billion convertible debt wey dem dey use for general corporate purposes. The convertible debt get senior notes wey go expire for 2028 and 2030 with low coupon rates. The money wey dem go collect go make corporate liquidity strong and support strategic growth moves. Investors fit convert the notes to equity at one fixed premium, so dilution risk dey capped. This deal show how Coinbase dey move for capital markets to secure long-term finance.
Bullish
Coinbase dem $2.6B convertible debt offer dey inject low cost capital and e boost their balance sheet. Di low coupon rates and fine conversion premium dem dey reduce equity dilution and show say investors get strong confidence. For history, similar convertible offer wey big tech firm do don help share performance and fund growth. Short term, traders fit see dis as bullish signal wey go increase market feeling. Long term, better liquidity and secured funding fit help Coinbase expand and improve their crypto trading service.