Coinbase Stock Is Falling After $2 Billion Debt Offering - Barron's
1. Coinbase announced a $2.3 billion convertible note offering. 2. Stock price dropped 5.4% due to the announcement. 3. Company plans to use funds for corporate purposes and capped call transactions. 4. Convertible notes are due in 2029 and 2032, with potential dilution reduction. 5. Shares have risen 21% this year but fell after a disappointing earnings print.