@trenchmfers
Coinbase shares slide Tuesday as crypto
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Coinbase shares slide Tuesday as crypto play takes double-digit fall from July record
Coinbase shares slid on Tuesday after the company announced a $2 billion private offering of convertible senior notes.
Shares were last down more than 6%. The decline occurred as investors adopted a risk-off stance on Tuesday and the three major averages declined.
An explosion in demand for crypto beyond bitcoin — particularly coins and companies in the Ethereum universe — are also widely viewed as a boon to Coinbase.
Coinbase reported disappointing second-quarter revenue last week, causing investors to sell their shares despite a stronger start to the third quarter. Coinbase is still up 20% year to date.
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https://www.cnbc.com/2025/08/05/coinbase-shares-slide-tuesday-as-crypto-play-takes-double-digit-fall-from-july-record.html
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