Coinbase May Become First S&P 500 Company to Buy Bitcoin With $2B in Private Note Funds

Coinbase is preparing to raise $2 billion through a private convertible note offering, potentially to buy Bitcoin. If confirmed, this would make Coinbase the first company in the S&P 500 to purchase Bitcoin using funds from a debt offering. Even though Coinbase saw a drop in revenue during the second quarter, the U. S. -based crypto exchange, … source: https://coinpedia.org/news/coinbase-may-become-first-sp-500-company-to-buy-bitcoin-with-2b-in-private-note-funds/