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Coinbase Eyes $2B Convertible Note Offering Amid COIN Pre-Market Slump – A Bold Bet or Desperate Move?
Coinbase Eyes $2B Convertible Note Offering Amid COIN Pre-Market Slump – A Bold Bet or Desperate Move?
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Coinbase just pulled a classic Wall Street maneuver—raising $2 billion while its stock bleeds. Pre-market traders aren’t buying the hype (literally).
Here’s the playbook: Convertible notes, the financial Swiss Army knife—dilution with a side of optionality. Smart hedging or a red flag for equity holders? The market’s already voting with its feet.
Meanwhile, crypto natives shrug. ‘Traditional finance doing traditional finance things.’ When the stock dips but the Bitcoin holdings moon, who’s really winning?
One thing’s certain: In a world where ‘fortune favors the bold’ often means ‘the bagholders get rekt,’ Coinbase isn’t going down without a fight. Or at least not without someone else’s capital.
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