Coinbase (COIN) Plans $1B Bond Sale That Avoids Hurting Stock Investors, Copying MicroStrategy’s (MSTR) BTC Playbook – Crypto News
Issuers use these hedges with convertible debt to prevent dilution to existing shareholders, even when their share price rises above the conversion price, though they have to pay a fee. During its breakneck rally, fitness company Peloton famously raised $1 billion in convertible