Bitcoin
$48,213.50+2.03%
Ethereum
$3,430.45+0.99%
XRP
$1.08+1.22%
Cardano
$2.37+0.93%
Polkadot
$34.93+6.18%
Stellar
$0.322116+0.98%
Dogecoin
$0.241343+1.03%
Chainlink
$28.37+2.36%
Uniswap
$24.54+1.05%
Polygon
$1.36-3.70%
Litecoin
$181.29+0.98%
Bitcoin Cash
$630.16+1.55%
Algorand
$2.07+8.77%
Cosmos
$40.32+20.89%
Wrapped Bitcoin
$48,250.42+2.10%
Filecoin
$84.47-1.43%
The Graph
$0.833069+2.14%
Tron
$0.105930+1.00%
Ethereum Classic
$57.26+1.14%
Aave
$355.55+0.37%
Tezos
$6.44+5.44%
EOS
$5.46+4.54%
NEO
$49.66+2.24%
Monero
$271.95+3.79%
IOTA
$1.66-3.70%
BitTorrent
$0.003947+0.94%
Bitcoin SV
$156.82+0.39%
Waves
$29.11+1.18%
Maker
$2,837.86+2.05%
Dash
$199.42+0.46%
Decred
$142.57-1.59%
Decentraland
$0.820755+0.91%
ICON
$1.93+2.83%
NEM
$0.183563+0.77%
Zcash
$138.60+3.41%
Qtum
$12.56+0.93%
NuCypher
$0.331818+2.47%
Bitcoin Gold
$66.24+1.44%
Yearn Finance
$33,899.46+2.14%
OmiseGO
$8.84+4.71%
Basic Attention Token
$0.753810+0.51%
0x
$1.11+2.97%
Paxos Standard
$0.990677-0.00%
Ren
$0.971323+3.52%
Fetch.ai
$0.832603+1.12%
Bancor
$4.07+1.17%
Band Protocol
$9.30+2.42%
Siacoin
$0.018995+5.72%
Kava.io
$6.28+2.70%
Nano
$5.59+3.85%
Loopring
$0.459996-0.53%
Storj
$1.39+1.21%
Civic
$0.538830-1.87%
Lisk
$3.59+1.99%
Numeraire
$46.01+4.52%
Orchid
$0.376323+4.94%
PAX Gold
$1,768.06+0.28%
Augur
$26.45+1.55%
Aragon
$6.11+4.58%
Enzyme
$120.65+7.64%
district0x
$0.176881+2.86%
Kyber Network
$1.82+0.29%
SingularDTV
$0.001443-8.64%
Tether
$1.00+0.00%
USD Coin
$1.00-0.03%
Dai
$1.00-0.02%

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.

Aug 13, 2021 at 7:03 p.m. UTC
Updated Sep 14, 2021 at 1:40 p.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. 

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...