What's Going On With Coinbase Stock Today?
Portfolio Pulse from Adam Eckert
Coinbase Global Inc (NASDAQ:COIN) shares are trading lower alongside the broader crypto market. The company announced the repurchase of $64.5 million worth of its 0.50% convertible senior notes due 2026. Following the closings, approximately $1.373 billion worth of the notes will remain outstanding.
June 15, 2023 | 2:30 pm
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Coinbase shares are trading lower as the company announces the repurchase of $64.5 million worth of convertible senior notes due 2026.
Coinbase's announcement of the repurchase of convertible senior notes has a direct impact on the company's stock price. The broader crypto market downturn also contributes to the decline in Coinbase shares, as the company's performance is closely tied to the performance of cryptocurrencies.
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