Chip Giant Intel Owns Coinbase Shares: Report

The Santa Clara, Calif.-based company appears to have purchased the shares in its Q2 ending June 26.

AccessTimeIconAug 13, 2021 at 7:03 p.m. UTC
Updated May 9, 2023 at 3:22 a.m. UTC

Chipmaker Intel disclosed on Friday it owns a 3,014-share stake in the cryptocurrency exchange Coinbase, according to an article in the business publication Barron's.

  • The Santa Clara, Calif.-based company appears to have purchased the shares during its Q2 ending June 26, according to the story, which noted that Intel didn't report owning shares prior to then.
  • Coinbase started trading publicly via a direct listing in April. Intel could have purchased the shares before then, as Barron's noted that companies going public must only report stakes in themselves of at least 5%.
  • Based on Coinbase's share price at the time of publication, the Intel stake would amount to a little under $800,000.
  • Intel had to report the shares because it owns over $100 million in publicly traded investments, Barron's reported.
  • Coinbase reported strong second-quarter results on Tuesday, although it warned that customer activity would slow in the third quarter. 
  • Spot Ether ETFs Sees More Than $1B of Trading Volume; Ferrari to Accept Crypto Payments in Europe
    02:17
    Spot Ether ETFs Sees More Than $1B of Trading Volume; Ferrari to Accept Crypto Payments in Europe
  • Copper-to-Gold Ratio Drops, What Does This Mean for Crypto?
    00:51
    Copper-to-Gold Ratio Drops, What Does This Mean for Crypto?
  • U.S. Presidential Election Will Now Be a 'Very Competitive' Race: Kevin O'Leary
    00:58
    U.S. Presidential Election Will Now Be a 'Very Competitive' Race: Kevin O'Leary
  • SEC's Gensler Was 'Consistent' Despite Being 'Fried Like a Chicken' Before the Senate: Kevin O'Leary
    00:59
    SEC's Gensler Was 'Consistent' Despite Being 'Fried Like a Chicken' Before the Senate: Kevin O'Leary
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Read more about