Coinbase Plans $2 Billion Convertible Note Offering

Coinbase plans to raise $2 billion through convertible notes to strengthen its financial position. The proceeds will help offset share dilution and support ongoing technology development, operational expenses, and potential acquisitions. This move is designed to give Coinbase the flexibility to grow and compete effectively in the fast-changing cryptocurrency market. By raising capital through convertible notes, Coinbase aims to maintain investor confidence and fuel its expansion while managing financial risks associated with its growth strategy.