Coinbase ( $Coinbase Global, Inc.(COIN)$ ) has evolved far beyond its origins as a simple Bitcoin exchange. The company is now positioning itself as the foundational infrastructure layer for the entire digital asset economy. Its recent stock performance, which has significantly outpaced that of Bitcoin, is not an anomaly but a reflection of the market beginning to recognise the value of its increasingly diversified and defensible business model. To determine if this outperformance can continue, a granular analysis of its financial performance, institutional business, and strategic technology investments is required. Q1 2025 Financial Dissection and Q2 2025 Outlook Coinbase's financial results for the first quarter of 2025, which ended March 31, pr
Coinbase $2.3B Convertible Note: Smart Move or Red Flag?
Coinbase Global was down 6.3%. The crypto exchange unveiled a convertible note offering worth up to $2.3 billion on Tuesday. Coinbase said it plans to offer $1 billion in convertible senior notes due in 2029, and $1 billion due in 2032 in a private offering. The company also expects to grant options to purchase up to an additional $150 million of each set of notes. -------- How do you view a company issuing new shares at high levels? Is it a case of cashing out on retail investors, or simply a good time to raise funds? At what price would it be a good opportunity to buy the dip?
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