Intel Bought Coinbase Shares

Intel bought Coinbase shares. It was stated that the technology giant bought a shares worth of 800,000 dollars.

Intel, one of the world's leading technology companies, recently bought stocks of the cryptocurrency exchange Coinbase. According to the news of Barron's, the company announced today that it has 3 thousand 14 Coinbase shares as of the end of June. In the first quarter balance sheet, there was no notification about Coinbase stock. The value of shares held by Intel corresponds to $800,000 at current prices. Coinbase, one of the world's largest cryptocurrency exchanges based in the USA, started trading on the Nasdaq in April. Coinbase has a market cap of $55 billion. On the other hand, it is also stated that Intel may have invested in Coinbase before the company went public. Legally, only investors with 5 percent or more shares of publicly traded companies are required to be disclosed. However, when investments in publicly traded companies reach the $100 million threshold, the shares held must be reported. It is known that Intel's biggest investments are 5.7 million McAfee (MCFE) shares and 139,780 MaxLinear (MXL) shares.