---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-065927"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:06:41.230938+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Coinbase proposes $1.0B convertible notes offering due 2030 to refinance existing debt

## Summary
- $1.0B aggregate principal of convertible senior notes due 2030; underwriters have 30-day option for additional $150M.
- Proceeds to repay 0.50% notes due 2026, 3.375% notes due 2028, 3.625% notes due 2031, plus general corporate purposes.
- Expects capped call transactions with initial purchasers to reduce potential dilution upon conversion of the notes.
- Notes convertible into cash, Class A common stock, or combination at Coinbase's election; interest rate and conversion rate set at pricing.

## SEC filing metadata
- accession: 0001193125-24-065927
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679788/000119312524065927/0001193125-24-065927-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000119312524065927/d584901d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-065927
- JSON: https://secwatch.observer/filing/0001193125-24-065927.json
- Plain text: https://secwatch.observer/filing/0001193125-24-065927.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.