---
schema_version: "secwatch.filing_event.v1"
accession: "0001679788-25-000167"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:37:12.129055+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Coinbase prices $2.6B upsized 0% convertible senior notes offering

## Summary
- Priced $1.3B of 0% convertible notes due 2029 and $1.3B due 2032; up from previously announced $2.0B.
- Initial conversion prices: $454.44/share (52.5% premium) for 2029 notes; $394.84/share (32.5% premium) for 2032 notes.
- Net proceeds of ~$2.56B ($2.96B if greenshoe fully exercised); $194.4M used for capped call transactions.
- Proceeds for general corporate purposes including potential repurchase of existing debt and Class A common stock.
- Capped call transactions entered to reduce dilution; settlement expected August 8, 2025.

## SEC filing metadata
- accession: 0001679788-25-000167
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679788/000167978825000167/0001679788-25-000167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000167978825000167/coin-20250805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679788-25-000167
- JSON: https://secwatch.observer/filing/0001679788-25-000167.json
- Plain text: https://secwatch.observer/filing/0001679788-25-000167.txt

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