Coinbase Global, Inc. (COIN) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
COIN currently has 222M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 12.69% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 07, 2026 |
10-Q filing | 222.4M shares outstanding |
220M | 0 |
| Oct 30, 2025 |
10-Q filing | 228.2M shares outstanding |
230M | 0 |
| Aug 15, 2025 |
8-K filing: Coinbase Global, Inc. filed a prospectus supplement to register for resale or other disposition up to an aggregate of 10,997,856 shares of Class A Common Stock by selling stockholders to satisfy registration rights granted under a Share Purchase Agreement. |
210M | 0 |
| Aug 08, 2025 |
8-K filing: Coinbase Global, Inc. completed a private offering of $1.5 billion aggregate principal amount of 0% Convertible Senior Notes due 2029 and $1.5 billion aggregate principal amount of 0% Convertible Senior Notes due 2032, including the full exercise of the Initial Purchasers' options. |
210M | 0 |
| May 08, 2025 |
10-Q filing | 211.4M shares outstanding |
210M | 0 |
| May 08, 2025 |
8-K filing: Coinbase will acquire Deribit and issue 10,997,881 shares of Coinbase's Class A common stock as part of the consideration, along with $700 million in cash. |
210M | 0 |
| Feb 13, 2025 |
10-K filing | 210.2M shares outstanding |
210M | 0 |
| Oct 30, 2024 |
10-Q filing | 204.9M shares outstanding |
200M | 0 |
| Aug 01, 2024 |
10-Q filing | 203.0M shares outstanding |
200M | 0 |
| May 02, 2024 |
10-Q filing | 199.8M shares outstanding |
200M | 0 |
| Feb 15, 2024 |
10-K filing | 195.5M shares outstanding |
200M | 0 |
| Nov 02, 2023 |
10-Q filing | 192.0M shares outstanding |
190M | 0 |
| Aug 03, 2023 |
10-Q filing | 190.0M shares outstanding |
190M | 0 |
| May 04, 2023 |
10-Q filing | 186.9M shares outstanding |
190M | 0 |
| Feb 21, 2023 |
10-K filing | 183.6M shares outstanding |
180M | 0 |
| Nov 03, 2022 |
10-Q filing | 178.8M shares outstanding |
180M | 0 |
| Aug 09, 2022 |
10-Q filing | 176.8M shares outstanding |
180M | 0 |
| May 10, 2022 |
10-Q filing | 173.7M shares outstanding |
170M | 0 |
| Feb 25, 2022 |
10-K filing | 177.3M shares outstanding |
180M | 0 |
| Nov 10, 2021 |
10-Q filing | 155.2M shares outstanding |
160M | 0 |
| Aug 11, 2021 |
10-Q filing | 151.0M shares outstanding |
150M | 0 |
| Jul 01, 2021 |
POS AM filing: Post-Effective Amendment No. 1 to terminate the effectiveness of the Registration Statement and to remove from registration all securities registered but not sold under the Registration Statement. |
140M | 0 |
| May 21, 2021 |
8-K filing: Coinbase Global, Inc. priced its private offering of $1.25 billion in aggregate principal amount of 0.50% Convertible Senior Notes due 2026. |
140M | 110M |
| May 14, 2021 |
10-Q filing | 141.8M shares outstanding |
140M | 110M |
| Mar 23, 2021 |
S-1/A filing: This S-1/A filing registers the resale of up to 114,850,769 shares of Class A common stock by existing stockholders. |
N/A | 110M |
| Mar 17, 2021 |
S-1/A filing: This S-1/A filing includes information about a "Market Stand-off" Agreement and Restrictions on Transfer of Preferred Stock and Registrable Securities, with a potential offering of common stock up to $5,000,000. |
N/A | 0 |
| Feb 25, 2021 |
S-1 filing: The filing discusses trigger events for the mandatory conversion of preferred stock into Class A or Class B common stock upon a qualified IPO or vote of preferred stockholders. |
N/A | 0 |