ConvertibleActive
0.5% Convertible Notes due 2026
COIN-Jun26
BTC Holdings
15,389 BTC
Total Debt
$7.28B
Leverage
0.0%
mNAV
41.05x
Outstanding
$1.27B
Issue date
2021-05-21
Principal
$1.27B
Coupon
0.50%
Maturity
2026-06-01
Conversion price
$370.45
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Combination
- Payment frequency
- Semi-annual
- Payment dates
- Jun 1, Dec 1
- Rate type
- Fixed
- Forced conversion
- On or after Jun 5, 2024 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
- General corporate purposes
- Capped call
- Capped call transactions with initial purchasers and affiliates
Sources(1)
- Form 8-K (0.50% convertib…FilingForm 8-K (0.50% convertible notes due 2026)Item 1.01Coinbase Global Inc. — 2021-05-21
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | Issuance | $1.27B | Form 10-K (2025) |
| 2021-05-21 | Issuance | $1.27B Includes partial overallotment exercise | Form 8-K (0.50% convertib… |
- 2025-12-31 — $1,273,013,000Note 11 — filing — Coinbase Global Inc.Source
- 2021-05-21 — $1,273,013,000Item 1.01 — filing — Coinbase Global Inc.Source