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Why Coinbase Bulls Aren’t Fretting Over Its Convertible Debt Plans

Why Coinbase Bulls Aren’t Fretting Over Its Convertible Debt Plans

Coinbase Global surprised investors late on Monday by announcing that it will raise about $1.4 billion through a convertible debt offering. The stock fell 3.7% on Tuesday, to $239, as investors worried that the offering will dilute existing shareholders, and signals that the company’s balance sheet isn’t as strong as they’d hoped.








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