Intel Corp on Friday disclosed a stake value lower than one million {dollars} in U.S. cryptocurrency trade Coinbase World Inc.
The chipmaker held about 3,014 shares of Coinbase’s Class A standard inventory as of June 30, Intel stated in a regulatory submitting. The Coinbase shares can be value round $788,191, based mostly on buying and selling value of $261.51 at 15:01 pm ET on Friday.
Intel didn’t instantly reply to Reuters request for remark.
Main gamers have doubled down on crypto holdings together with star inventory picker Cathie Wooden and Tesla Inc Chief Elon Musk.
One of many largest cryptocurrency exchanges on the planet, Coinbase went public by a direct itemizing in April, which noticed its valuation rise to as excessive as $112 billion on the primary day of buying and selling.
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