Coinbase Plans $2 Billion Private Convertible Note Offering Following Q2 Results
Nasdaq-listed cryptocurrency exchange Coinbase has announced plans to raise $2 billion through a private convertible note offering following a weaker-than-expected second-quarter performance. The move comes as COIN shares recorded a 15% decline on August 4, reflecting market reactions to the company’s reported drop in revenue and increased operational costs. Related Reading: Crypto Giant Coinbase’s UK […]