Coinbase Global, Inc. has announced its intention to raise $1 billion by selling convertible bonds maturing in 2030.

This financial maneuver comes with an option for initial investors to purchase an additional $150 million in bonds to cover oversubscriptions.

The funds raised from this initiative are earmarked for working capital needs and capital expenditure projects, indicating Coinbase's strategy to bolster its financial standing and fuel its growth plans.

This move reflects the company's proactive approach to capital management and investment in its future operations and infrastructure.