Computer chip manufacturing giant Intel Corp. has declared that it holds 3,014 shares of America’s largest crypto exchange, Coinbase.
On Friday according to an article by Barron, “Intel was obligated to disclose the stake to the Securities and Exchange Commission because it owns more than $100 million in publicly traded investments.”
According to the filed Form 13F, Intel had 3,014 shares of the platform’s operator, Coinbase Global Inc., as of June 30, valued at over $760,000 at the time. On that date, Coinbase’s stock closed at $253.30 per share, Market Watch details.
Although Coinbase is a publicly-traded company since April, the report suggested that Intel may have invested in the exchange even before the direct listing.
One 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.
Major players have doubled down on crypto holdings including star stock picker Cathie Wood and Tesla Inc Chief Elon Musk.