Intel discloses stake in cryptocurrency exchange Coinbase Global Inc

In a statement Intel Corp disclosed that it has taken a small stake in U.S. cryptocurrency exchange Coinbase Global Inc. Its stake is less a million dollars.

As of June 20, Intel held around 3,014 shares of Coinbase’s Class A common stock, said the chipmaker in a regulatory filing. Based on Friday’s Coinbase’s share price, Intel’s stake would be worth around $788,191, on a trading price of $261.51.

Intel did not immediately respond to requests for comments.

Big players have doubled down on crypto holdings including Tesla Inc.

Earlier this year in April, Coinbase, one of the largest cryptocurrency exchanges in the world, went public through a direct listing, which saw its valuation soar to $112 billion on the first day of trading.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: