---
schema_version: "secwatch.filing_event.v1"
accession: "0001679788-25-000171"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2025-08-08T23:59:59+00:00"
generated_at: "2026-05-17T16:39:18.596803+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Coinbase completes $3B zero-coupon convertible note offering due 2029 and 2032

## Summary
- Issued $1.5B aggregate of 0% convertible notes due 2029 and $1.5B due 2032, including full greenshoe.
- Net proceeds ~$2.957B; $224.3M used for capped call transactions to reduce dilution.
- Initial conversion prices: $454.44 (2029 notes, ~52.5% premium) and $394.84 (2032 notes, ~32.5% premium).
- Remaining proceeds for general corporate purposes, including potential buybacks and debt repurchases.

## SEC filing metadata
- accession: 0001679788-25-000171
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2025-08-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679788/000167978825000171/0001679788-25-000171-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000167978825000171/coin-20250808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679788-25-000171
- JSON: https://secwatch.observer/filing/0001679788-25-000171.json
- Plain text: https://secwatch.observer/filing/0001679788-25-000171.txt

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