Coinbase will repurchase $64.5 million of convertible senior notes at a discount of approximately 29%.

BlockBeats news, on June 15th, Coinbase announced a buyback of $64.5 million principal amount of 0.50% convertible senior notes due in 2026 at a discount of approximately 29%. The company estimates that it will spend about $45.5 million in cash to complete the repurchase, which is expected to be completed on or before June 20, 2023, subject to customary closing conditions. After such closings, approximately $1.373 billion in principal amount of notes will remain outstanding.