Coinbase Global, Inc. bonds COIN
Who owns Coinbase Global, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. COIN stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 19260QAC1 | 3.375% fixed | 2028-10-01 | USD | 94.96 | 5.88% | 166 bp | 31 | $180.3M | Jul 2026 |
| 19260QAG2 convertible | 0% none | 2029-10-01 | USD | 86.31 | — | — | 13 | $78.9M | Jul 2026 |
| 19260QAF4 convertible | 0.25% fixed | 2030-04-01 | USD | 88.84 | — | — | 12 | $75.3M | Jul 2026 |
| 19260QAD9 | 3.625% fixed | 2031-10-01 | USD | 86.52 | 6.76% | 242 bp | 19 | $88.5M | Jul 2026 |
| 19260QAJ6 convertible | 0% none | 2032-10-01 | USD | 77.07 | — | — | 13 | $98.2M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Aug 2026 partial: filings still arriving | 1 | $23.3M | 85.05 | — | — | 1 |
| Jul 2026 | 5 | $521.2M | 86.52 | 6.32% | 204 bp | 31 |
| Jun 2026 | 5 | $646.9M | 87.17 | 6.16% | 199 bp | 45 |
| May 2026 | 5 | $157.7M | 91.21 | 5.75% | 165 bp | 22 |
| Apr 2026 | 6 | $705.9M | 93.49 | 5.77% | 187 bp | 32 |
| Mar 2026 | 6 | $666.4M | 90.33 | 6.59% | 278 bp | 45 |
| Feb 2026 | 6 | $172.8M | 90.42 | 5.83% | 221 bp | 27 |
| Jan 2026 | 6 | $698.8M | 92.81 | 5.64% | 192 bp | 35 |
| Dec 2025 | 6 | $698.6M | 94.09 | 5.54% | 188 bp | 41 |
| Nov 2025 | 6 | $193.3M | 98.33 | 5.70% | 204 bp | 28 |
| Oct 2025 | 6 | $741.9M | 110.22 | 5.47% | 184 bp | 33 |
| Sep 2025 | 6 | $691.4M | 108.53 | 5.48% | 182 bp | 39 |
| Aug 2025 | 6 | $154.0M | 102.44 | 5.45% | 166 bp | 26 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 40 added, 50 cut, 18 new holders and 30 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| American High Income Trust | 2026-06-30 | $183.0M | $167.8M | -$5.3M |
| Income Fund of America | 2026-07-31 | $157.3M | $144.7M | -$20.7M |
| Calamos Market Neutral Income Fund CALAMOS INVESTMENT TRUST/IL | 2026-07-31 | $106.7M | $91.3M | $0 |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $89.7M | $75.2M | -$6.8M |
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $72.8M | $67.0M | $0 |
| American Funds Multi-Sector Income Fund | 2026-06-30 | $73.7M | $66.7M | $0 |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $64.0M | $54.1M | -$6.0M |
| Fidelity Capital and Income Fund Fidelity Summer Street Trust | 2026-07-31 | $56.3M | $51.4M | $0 |
| Franklin Convertible Securities Fund Franklin Investors Securities Trust | 2026-07-31 | $55.5M | $42.7M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $39.3M | $35.9M | $4.6M |
| American Funds Strategic Bond Fund | 2026-06-30 | $32.4M | $29.0M | $0 |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $25.0M | $23.7M | -$8.4M |
| Fidelity Advisor Strategic Income Fund Fidelity Advisor Series II | 2026-06-30 | $25.8M | $23.7M | $0 |
| Capital Group U.S. Multi-Sector Income ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $26.1M | $23.4M | $4.1M |
| American Beacon SiM High Yield Opportunities Fund AMERICAN BEACON FUNDS | 2026-05-31 | $27.4M | $23.2M | $0 |
| Virtus Income & Growth Fund Virtus Investment Trust | 2026-06-30 | $25.8M | $22.2M | -$8.7M |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $23.8M | $22.0M | -$1.3M |
| Virtus Convertible Fund Virtus Strategy Trust | 2026-06-30 | $24.8M | $21.3M | -$8.0M |
| Columbia Convertible Securities Fund COLUMBIA FUNDS SERIES TRUST | 2026-05-31 | $23.0M | $19.5M | new |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $14.2M | $13.5M | -$1.1M |
| Asset Allocation Fund AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $14.6M | $13.2M | $0 |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $14.8M | $12.3M | $2.5M |
| PIMCO High Yield Fund PIMCO FUNDS | 2026-06-30 | $12.9M | $12.2M | $1.9M |
| Bond Fund of America | 2026-06-30 | $13.0M | $11.3M | $0 |
| High Income Fund American Century Investment Trust | 2026-06-30 | $11.3M | $10.3M | -$775K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Fidelity SAI Convertible Arbitrage Fund ($34.0M), Lord Abbett Convertible Fund ($24.7M), CALAMOS CONVERTIBLE & HIGH INCOME FUND ($16.5M), CALAMOS CONVERTIBLE OPPORTUNITIES & INCOME FUND ($15.8M), Calamos Convertible Fund ($14.8M), Calamos Dynamic Convertible & Income Fund ($13.2M), Lord Abbett Short Duration High Yield Fund ($10.1M), CALAMOS STRATEGIC TOTAL RETURN FUND ($7.7M), Calamos Growth & Income Fund ($7.6M), Putnam Convertible Securities Fund ($4.1M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 3 | $89.7M | $75.2M | 1.05% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 3 | $64.0M | $54.1M | 0.87% |
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $39.3M | $35.9M | 0.13% |
| CGMS Capital Group U.S. Multi-Sector Income ETF | 2026-06-30 | 2 | $26.1M | $23.4M | 0.45% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $23.8M | $22.0M | 0.14% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 2 | $14.2M | $13.5M | 0.83% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $10.2M | $9.3M | 0.08% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $10.0M | $9.0M | 0.12% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $8.8M | $8.3M | 0.11% |
| BSJS Invesco BulletShares 2028 High Yield Corporate Bond ETF | 2026-05-31 | 1 | $5.5M | $5.3M | 0.76% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 2 | $5.4M | $5.1M | 0.10% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $5.4M | $5.0M | 0.14% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $4.9M | $4.6M | 0.27% |
| IBHH iShares iBonds 2028 Term High Yield and Income ETF | 2026-07-31 | 1 | $3.4M | $3.2M | 0.71% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $3.4M | $3.1M | 0.12% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 204 bp spread prices in about 3.4% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in COIN's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 142 | $265.8M | 1 | $1.3M | 5 | $4.7M | 2 |
| 2026-06-30 | 1,111 | $21.15B | 71 | $6.14B | 69 | $6.43B | 63 |
| 2026-03-31 | 1,163 | $19.95B | 71 | $6.72B | 71 | $7.70B | 80 |
| 2025-12-31 | 1,255 | $32.61B | 84 | $9.32B | 84 | $10.99B | 83 |
| 2025-09-30 | 1,314 | $47.38B | 78 | $13.15B | 87 | $19.59B | 84 |
| 2025-06-30 | 1,243 | $47.55B | 70 | $15.00B | 76 | $16.51B | 83 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.