---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-067329"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:46:55.431689+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Coinbase prices $1.1B 0.25% convertible notes due 2030 to refinance existing debt

## Summary
- $1.1B aggregate principal (upsized from $1.0B), 0.25% coupon, due April 1 2030; initial purchasers have $165M over-allotment option.
- Initial conversion price ~$333.54 per share (32.5% premium over $251.73 closing price); capped call transactions entered to reduce dilution.
- Net proceeds ~$1.08B (or ~$1.24B with over-allotment) to repay 2026, 2028, and 2031 notes and for general corporate purposes.
- Settlement expected March 18, 2024; notes are unsecured and redeemable at Coinbase's option on or after April 1, 2027.

## SEC filing metadata
- accession: 0001193125-24-067329
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679788/000119312524067329/0001193125-24-067329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000119312524067329/d759753d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-067329
- JSON: https://secwatch.observer/filing/0001193125-24-067329.json
- Plain text: https://secwatch.observer/filing/0001193125-24-067329.txt

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