ConvertibleActive
0.25% Convertible Notes due 2030
COIN-Apr30
BTC Holdings
15,389 BTC
Total Debt
$7.28B
Leverage
0.0%
mNAV
41.05x
Outstanding
$1.26B
Issue date
2024-03-18
Principal
$1.26B
Coupon
0.25%
Maturity
2030-04-01
Conversion price
$333.54
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Combination
- Payment frequency
- Semi-annual
- Payment dates
- Apr 1, Oct 1
- Rate type
- Fixed
- Forced conversion
- On or after Apr 1, 2027 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Upon fundamental change at 100% of principal + accrued interest
- Use of proceeds
- Capped call transactions, partial repurchase of 2031 Notes, and general corporate purposes
- Capped call
- Capped call transactions with initial purchasers and affiliates
Sources(2)
- Form 8-K (0.25% convertib…FilingForm 8-K (0.25% convertible notes due 2030)Item 1.01Coinbase Global Inc. — 2024-03-18
- Form 10-K (2025)FilingForm 10-K (2025)Note 11Coinbase Global Inc. — 2026-02-12
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | Issuance | $1.26B | Form 10-K (2025) |
| 2024-03-18 | Issuance | $1.26B Includes full $165M overallotment exercise | Form 8-K (0.25% convertib… |
- 2025-12-31 — $1,265,000,000Note 11 — filing — Coinbase Global Inc.Source
- 2024-03-18 — $1,265,000,000Item 1.01 — filing — Coinbase Global Inc.Source