In a bold and revolutionary move, Coinbase – one of the world’s largest cryptocurrency exchanges – is preparing to issue convertible bonds worth up to $2 billion. The goal? Possibly to buy Bitcoin, and if confirmed, it would be the first time an S&P 500 company has done so.
From Wall Street to Blockchain – Coinbase Is The New Bridge Of The Market
According to official information from Coinbase, this US-based company is planning to raise $2 billion through the issuance of individual senior convertible bonds, exclusively for institutional investors. Specifically:
- $1 billion in bonds maturing in 2029
- $1 billion in bonds maturing in 2032
- Could add $150 million to each if demand increases
This is not just a financial exercise but also a strategic move to access cheap capital, protect shareholders from stock dilution and – if confirmed – invest directly in Bitcoin.
Coinbase is executing capped call transactions to reduce the risk of dilution if the bonds are converted to stock, a move that demonstrates the same flexible and innovative financial thinking that industry giants like MicroStrategy and Marathon Digital (MARA) have done.
Bitcoin – A Strategic Asset For The Future Of Finance?
Not only Coinbase, many big players in the financial technology industry are gradually shifting to the strategy of "holding Bitcoin as a strategic asset". MicroStrategy is a typical example with IPOs to finance additional BTC purchases, while Grayscale has also quietly filed IPO documents with the SEC to prepare for the next big step.
In that context, the fact that an S&P 500 company like Coinbase can use its raised capital to buy Bitcoin is a clear sign of the convergence between traditional finance and blockchain technology.
Conclude
If Coinbase does indeed spend $2 billion on Bitcoin, it would be a watershed moment in global financial history. Not only would it elevate Bitcoin as an accepted investment asset in traditional finance, but it would also open the door for other companies to follow suit.
