Public Keys is a weekly roundup from Decrypt tracking publicly traded crypto companies. Coinbase is raising $2 billion in convertible notes for corporate purposes and acquisitions after a 25% revenue drop in Q2. Compass Point downgrades COIN to Sell, citing disruption from decentralized exchanges. Coinbase also rolls out decentralized exchange trading. Two Seas Capital plans to vote against Core Scientific’s $9 billion sale to CoreWeave. The firm believes the valuation is inadequate and favors CoreWeave over shareholders. Block Inc. adds 108 Bitcoin to its corporate holdings in Q2, generating $2.14 billion in revenue from Bitcoin sales. CEO Jack Dorsey hints at upcoming news regarding the company’s Bitcoin mining initiative, Proto. Bullish registers for an IPO aiming to raise $629 million, marking its second attempt at going public. DeFi Dev Corp buys $18 million worth of Solana during a dip, increasing its holdings to 1.23 million SOL.
Read more at Yahoo Finance: Coinbase’s Convertible, Core Combo Fight and Block’s Bitcoin Play