Intel Corp (INTC.O) on Friday disclosed a stake worth less than a million dollars in U.S. cryptocurrency exchange Coinbase Global Inc (COIN.O).
The chipmaker held about 3,014 shares of Coinbase's Class A common stock as of June 30, Intel said in a regulatory filing. The Coinbase shares would be worth around $788,191, based on trading price of $261.51 at 15:01 pm ET on Friday.
Major players have doubled down on crypto holdings including star stock picker Cathie Wood and Tesla IncOne of the largest cryptocurrency exchanges in the world, Coinbase went public through a direct listing in April, which saw its valuation rise to as high as $112 billion on the first day of trading.More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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