Coinbase, MicroStrategy bond yields hit record highs

According to CoinDesk, Finra-Morningstar data shows that the face value of Coinbase's bond due in 2031 has fallen by 15% this month to 50 cents, and the yield has risen to a record high of 13.5%, and the yield on its bond due in 2026 has jumped to . 17%. MicroStrategy's 2028 bond fell to 72.5 cents on the face value and climbed to 13.35 percent yield. Mike Alfred, founder of digital asset investment platform Eaglebrook Advisors, said rising interest rates reflect institutional investors' doubts about the sustainability of cryptocurrency development. /