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 <h2 id="strong-coinbase-inc-s-latest-moves-strong"><strong>Coinbase Inc’s Latest Moves</strong></h2> 
 <p><span style="font-weight: 400"><a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> highlighted that the expiration date of the Tender Offer has been extended from its original deadline of 11:59 p.m., New York City time, on September 1, 2023, to a new deadline of 11:59 p.m., New York City time, on September 18, 2023. This extension allows Note holders more time to consider and participate in the offer.</span></p>  
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 <p><span style="font-weight: 400"><a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> originally launched its bond buyback program with an initial limit of $150 million. Initially met with lukewarm interest, the company has now decided to increase the total amount it is willing to buy back in 2031 bonds to a substantial $180 million. This sudden turnaround in <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a>’s bond buyback program is a notable development in the crypto industry.&nbsp;</span></p> 
 <p><span style="font-weight: 400">Coinbase’s initial offer to buy back $150 million in 2031 bonds was received with a subdued response, with only $50 million in bonds being presented. This lukewarm reception could indicate that investors were unwilling to part with their bonds, possibly because they believed these assets had more possibility for future appreciation.</span></p>  
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 <p><span style="font-weight: 400">However, in an unexpected turn of events, <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a>’s new offer to raise the buyback cap to $180 million has resulted in a significant rise in investor involvement. In the days following the announcement, investors offered an additional $211 million in bonds, bringing the total to a staggering $261 million.&nbsp;</span></p>  
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 </div> 
 <p><span style="font-weight: 400">This rise in interest shows that investors have reassessed their positions and decided to take advantage of <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a>’s appealing offer.</span></p> 
 <h2 id="strong-what-exactly-is-bond-buyback-program-strong"><strong>What Exactly is Bond Buyback Program?</strong></h2> 
 <p><span style="font-weight: 400">A bond buyback program is a business technique in which corporations repurchase their own bonds on the open market. A corporation that issues bonds effectively borrows money from investors and promises to repay it with interest over time.&nbsp;</span></p> 
 <p><span style="font-weight: 400">By initiating a bond buyback program, a company can reduce its debt load, improve its financial health, and potentially boost the value of its outstanding bonds. <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> entered this unique transaction cycle when it </span><span style="font-weight: 400">became a publicly listed company</span><span style="font-weight: 400"> back in 2021.</span></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/just-in-coinbase-pushes-bond-buyback-program-to-180m-limit-tbt61619.html">https://thebittimes.com/just-in-coinbase-pushes-bond-buyback-program-to-180m-limit-tbt61619.html</a></p>

Just In: Coinbase Pushes Bond Buyback Program to $180M Limit

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