Coinbase increases bond buyback program to $180 million

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By BitcoinWiki News

Key Takeaways:

– Coinbase’s offer to buy back bonds from investors has gained more interest than expected.
– The company has increased the total amount of bonds it is willing to buy back from $150 million to $180 million.
– Initially, the offer had limited interest, suggesting investors believed there was more potential for profit.
– Prior to the announcement, investors tendered $50 million worth of the bonds.
– However, in the days following the announcement, investors tendered an additional $211 million worth of the bonds, reaching a total of $261 million.
– This news is about Coinbase’s bond buyback, not specifically about BTC or Bitcoin.


Coinbase, a US cryptocurrency trading platform, has seen increased interest in its offer to buy back bonds from investors. The company has raised the total amount it is willing to buy back from $150 million to $180 million. Initially, the offer seemed to generate limited interest, suggesting investors believed there was more potential gain from holding onto the bonds. However, following the announcement, investors tendered an additional $211 million worth of the bonds, bringing the total to $261 million. This reversal indicates a significant shift in investor sentiment towards Coinbase’s bonds.

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