Coinbase, MicroStrategy Bonds Tank as FTX Collapse Dents Institutional Confidence in Crypto
Bonds issued by cryptocurrency exchange Coinbase (COIN) and MicroStrategy (MSTR), an economic intelligence firm and Bitcoin investor, fell as investor confidence in the industry plummeted after the collapse from FTX. Coinbase’s 2031 bond is down 15% this month at 50 cents on the dollar, according to data source Finra-Morningstar, pushing the yield — which moves … Read more