{"id":77616,"date":"2024-03-12T15:44:38","date_gmt":"2024-03-12T20:44:38","guid":{"rendered":"https:\/\/equitynewsreport.com\/why-coinbase-stock-just-dropped-in-after-hours-trading\/"},"modified":"2024-03-12T15:44:38","modified_gmt":"2024-03-12T20:44:38","slug":"why-coinbase-stock-just-dropped-in-after-hours-trading","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/why-coinbase-stock-just-dropped-in-after-hours-trading\/","title":{"rendered":"Why Coinbase stock just dropped in after hours trading"},"content":{"rendered":"<div readability=\"53\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Why Coinbase stock just dropped in after hours trading\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/news\/moved_LYNXNPEI4A0A6_L.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p dir=\"ltr\">Coinbase (NASDAQ:) Global stock fell about 4% in after-hours trading Tuesday after the company announced that it plans to sell $1 billion worth of special bonds that can be turned into cash or stock in 2030, aiming this sale at big-time investors.\u00a0<\/p>\n<p dir=\"ltr\">Coinbase is also considering selling an extra $150 million of these bonds if there&#8217;s a lot of interest. These bonds don&#8217;t have any collateral backing them and will pay interest twice a year until they&#8217;re due in 2030.\u00a0<\/p>\n<p dir=\"ltr\">They can be exchanged for cash, Coinbase stock, or a mix of both, depending on what Coinbase decides.\u00a0<\/p>\n<p dir=\"ltr\">\u201cThe interest rate, initial conversion rate, and other terms of the notes are to be determined upon pricing of the offering,\u201d the company said in a filing.<\/p>\n<p dir=\"ltr\">Coinbase stock closed at $256.14 on Tuesday.<\/p>\n<p dir=\"ltr\">By Senad Karaahmetovic<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters Coinbase (NASDAQ:) Global stock fell about 4% in after-hours trading Tuesday after the company announced that it plans to sell $1 billion worth of special bonds that can be turned into cash or stock in 2030, aiming this sale at big-time investors.\u00a0 Coinbase is also considering selling an extra $150 million of these bonds if there&#8217;s a lot of interest. These bonds don&#8217;t have any collateral backing them and will pay interest twice a year until they&#8217;re due in 2030.\u00a0 They can be exchanged for cash, Coinbase stock, or a mix of both, depending on what Coinbase decides.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77617,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,49,50,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77616"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77616"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77617"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}