Brian Armstrong, CEO of Coinbase, looks to expand the company. Photo: Coinbase
Coinbase, the largest cryptocurrency exchange in the United States (USA), informed this Monday (13) that it intends to raise US$ 1.5 billion with the issuance of bonds. The company, which this year launched shares in Nasdaq, will use the money in mergers and acquisitions and investment in companies, products and technologies. Just like in product development.
The company said it will issue senior debt, that is, debt that, in the event of bankruptcy, takes precedence over other unsecured debt. Details such as interest rate Coinbase will negotiate with the initial debt buyers. The offer will be private to qualified investors. There will also be an offer for investors outside the US.
According to the company, this is a cheaper way to raise funds.