Coinbase Global, Inc. has filed a prospectus supplement to register up to 10,997,856 shares of Class A Common Stock for resale by certain stockholders. This action is intended to fulfill registration rights established under a Share Purchase Agreement dated May 8, 2025, involving the company and various shareholders.
The filing includes a legal opinion from Fenwick & West LLP regarding the legality of the registered shares. Coinbase operates as a remote-first company and does not maintain a physical headquarters, with stockholder communications directed to an email address provided in the filing.
linkAug 15, 2025 16:40:21
Coinbase Global, Inc. has completed a private offering of $3 billion in total convertible senior notes, consisting of $1.5 billion due in 2029 and $1.5 billion due in 2032. These notes are senior unsecured obligations and do not bear regular interest. They can be converted into shares of Class A common stock under specific conditions, with initial conversion prices set at approximately $454.44 and $394.84 per share for the 2029 and 2032 notes, respectively. The company intends to use the net proceeds for general corporate purposes, including working capital and potential acquisitions.
The company has also entered into capped call transactions to mitigate potential dilution from the conversion of these notes. The capped call transactions correspond to the conversion prices and have an initial cap price of approximately $595.98 per share. The notes are subject to customary covenants and events of default, which could accelerate their maturity under certain conditions. This offering and its terms may impact the company's financial position and stock price due to the potential for future equity dilution and obligations tied to the notes.
linkAug 08, 2025 16:40:18
Coinbase Global, Inc. announced the pricing of an upsized offering of $2.6 billion in convertible senior notes, which includes $1.3 billion due in 2029 and another $1.3 billion due in 2032. The offering was increased from its initial size of $2.0 billion, and the company has granted initial purchasers options to buy an additional $200 million of each series of notes within 13 days of issuance. The expected settlement date for the sale of the notes is August 8, 2025, and the net proceeds will be approximately $2.56 billion, potentially increasing to $2.96 billion if the options are fully exercised. Coinbase intends to allocate around $194.4 million of these proceeds for capped call transactions and the remaining for general corporate purposes, including potential stock repurchases and investments in other companies or technologies.
The notes will be senior, unsecured obligations of Coinbase and will not bear regular interest, with the 2029 notes maturing on October 1, 2029, and the 2032 notes maturing on October 1, 2032. The conversion rates for the notes are set at 2.2005 shares per $1,000 principal for the 2029 notes and 2.5327 shares for the 2032 notes, representing conversion premiums over the last reported stock price. The announcement also includes details on capped call transactions that are designed to mitigate potential dilution of Coinbase's Class A common stock upon conversion of the notes.
linkAug 05, 2025 21:52:33
Coinbase Global, Inc. has announced a proposed private offering of $2 billion in convertible senior notes, consisting of $1 billion due in 2029 and another $1 billion due in 2032. The offering will be available to qualified institutional buyers under Rule 144A of the Securities Act. Additionally, the company plans to grant initial purchasers options to buy up to $150 million more of each series of notes within 13 days of issuance. The notes will be senior, unsecured obligations, convertible into cash or shares of Coinbase’s Class A common stock, and will accrue interest payable semi-annually.
The net proceeds from the offering are intended for various corporate purposes, including the costs of capped call transactions related to the notes, working capital, and potential acquisitions. The offering will not be registered under the Securities Act, and the notes will only be sold to qualified institutional buyers. This announcement does not constitute an offer to sell or solicitation to buy the notes or any shares of Class A common stock that may be issued upon conversion.
linkAug 05, 2025 07:10:34
Coinbase Global, Inc. reported total revenue of $1.5 billion for the second quarter of 2025, reflecting a 26% decrease compared to the previous quarter. The net income for the quarter was $1.4 billion, which includes significant gains from strategic investments. Adjusted net income, excluding these gains, stood at $33 million, while adjusted EBITDA was reported at $512 million. The company ended the quarter with $9.3 billion in total USD resources and continued to see growth in its subscription and services revenue, which reached $656 million, driven by an increase in average USDC balances and staking activity.
In addition to its financial performance, Coinbase made strides in regulatory clarity with the passing of significant legislation, including the GENIUS Act, which establishes rules for digital assets. The company has been expanding its services, particularly in derivatives trading and stablecoin integration, and reported all-time highs in trading volume for its derivatives products. Despite a decline in transaction revenue and trading activity due to lower market volatility, Coinbase's ongoing initiatives in product development and regulatory engagement position it for potential future growth.
linkJul 31, 2025 16:07:07
Coinbase announced its financial results for the first quarter of 2025, reporting total revenue of $2.0 billion, a net income of $66 million, and an adjusted EBITDA of $930 million. While total transaction revenue decreased by 19% quarter-over-quarter to $1.3 billion, subscription and services revenue grew by 9% to nearly $700 million, driven primarily by stablecoin revenue as USDC's market cap reached over $60 billion. The company ended the quarter with $9.9 billion in total USD resources, indicating a strong balance sheet position.
In addition to its financial performance, Coinbase disclosed its plans to acquire Sentillia B.V. (Deribit), a leading crypto options exchange, for approximately $2.9 billion. This acquisition is expected to enhance Coinbase's position in the crypto derivatives market and diversify its revenue streams. The transaction is subject to regulatory approvals and customary closing conditions, with an anticipated completion by year-end 2025.
linkMay 08, 2025 16:15:55
Coinbase announced a significant increase in its financial performance for 2024, with total revenue reaching $6.6 billion, more than doubling from the previous year. The company reported a net income of $2.6 billion and an adjusted EBITDA of $3.3 billion. Notable growth was observed in transaction revenue, which surged by 162% year-over-year to $4.0 billion, and subscription and services revenue increased by 64% to $2.3 billion. Additionally, the company ended the year with $9.3 billion in USD resources, marking a $3.8 billion increase from the previous year.
However, Coinbase faced challenges as total operating expenses rose to $4.3 billion, a 30% increase year-over-year, primarily due to investments in marketing and higher stock-based compensation. In the fourth quarter alone, operating expenses were $1.2 billion, up 19% quarter-over-quarter. Despite the overall positive financial results, the company reported that a significant portion of its gains from crypto asset investments were unrealized, raising questions about the sustainability of such gains in future reporting periods.
linkFeb 13, 2025 16:10:21
In the third quarter of 2024, Coinbase generated $1.2 billion in total revenue and $75 million in net income, marking its seventh consecutive quarter of positive adjusted EBITDA at $449 million. The company reported growth in average native units across staking, custody, and on-platform USDC, contributing to long-term revenue diversification. Coinbase's balance sheet improved, ending the quarter with $8.2 billion in USD resources, an increase of $417 million from the previous quarter. Additionally, the board authorized a $1.0 billion share repurchase program, indicating confidence in the company's financial stability.
However, the company faced challenges as total revenue decreased by 17% quarter-over-quarter, with transaction revenue falling by 27%. The decline was attributed to lower average crypto asset prices, which also impacted subscription and services revenue, down 7% quarter-over-quarter. Despite a drop in overall trading volume and institutional transaction revenue, Coinbase noted that stablecoin trading volume grew significantly, reflecting a shift in trading dynamics. The company also incurred $121 million in pre-tax losses on its crypto asset investment portfolio, primarily unrealized losses, which affected net income.
linkOct 30, 2024 16:10:05
Coinbase achieved $1.4 billion in revenue and $36 million in net income for Q2, marking six consecutive quarters of positive earnings. The company also improved its balance sheet to $7.8 billion. Notably, subscription and services revenue grew by 17%. However, transaction revenue fell by 27%, and operating expenses rose by 26%. On the regulatory front, significant bipartisan support for crypto legislation was noted, indicating a positive trend for the industry.
linkAug 01, 2024 16:12:12
Coinbase's Q1 2024 results showed $1.6 billion in revenue, $1.2 billion in net income, and $1.0 billion in Adjusted EBITDA, with growth in market share and international business. Progress was made on revenue, utility, and regulatory clarity goals. The company emphasized Base, a Layer 2 solution, and efforts for regulatory clarity. Legal battles with the SEC are ongoing. Q2 2024 outlook includes high transaction revenue expectations. Coinbase remains focused on its mission of increasing economic freedom.
linkMay 02, 2024 16:02:51