Coinbase plans to sell $1 billion in bonds to cover debt and operating costs

ChainCatcher news, Coinbase announced plans to sell $1 billion in bonds to institutional investors on March 12, 2024. This initiative aims to raise funds to repay existing debt and cover the company's operating costs. Coinbase will offer convertible senior notes, which will mature in 2030 and can be converted into Coinbase's Class A shares, cash, or a combination of both. This bond issuance could increase the company's total liabilities to $4 billion.