COIN - What's Going On With Coinbase Stock As Bitcoin Retreats From All-Time Highs? | Benzinga
Coinbase Global, Inc. (NASDAQ:COIN) shares are trading lower Tuesday amid a pullback in the price of Bitcoin.
The Details:
Coinbase has benefited from the recent crypto rally, and the stock is up more than 25% year-to-date. Bitcoin has pulled back from all-time highs in recent days and is trading at $62,610.72 at the time of publication.
The company announced it has completed its previously announced private offering of $1.265 billion aggregate principal amount of 0.25% convertible senior notes due 2030, which includes the full exercise by the initial purchasers of their option to purchase up to an additional $165 million aggregate principal amount of notes.
Last week, JP Morgan maintained its Neutral on ...