Finance
Share this article

Singapore State Investment Fund Temasek Eliminates Position in Coinbase

The investment giant previously held about 8,168 shares in the U.S.-listed crypto exchange.

By Nelson Wang
Updated May 11, 2023, 7:12 p.m. Published Feb 14, 2022, 3:08 p.m.
NEW YORK, NY - APRIL 14: Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Coinbase Global Inc. is the largest U.S. cryptocurrency exchange, debuting today through a rare direct listing. (Photo by Robert Nickelsberg/Getty Images)
NEW YORK, NY - APRIL 14: Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Coinbase Global Inc. is the largest U.S. cryptocurrency exchange, debuting today through a rare direct listing. (Photo by Robert Nickelsberg/Getty Images)

Singapore’s state investment fund Temasek, one of the largest investors in the world, has sold off its modest position in crypto exchange Coinbase (COIN), according to its latest U.S. Securities and Exchange Commission (SEC) filings.

  • In its third quarter filing, the fund listed ownership of 8,168 Coinbase shares worth approximately $2.1 million, but its fourth quarter filing shows no Coinbase holdings. Temasek’s total portfolio was valued at $301 billion as of the end of 2021.
  • Coinbase’s stock has declined about 40% since its initial public offering last April.
  • Meanwhile, Temasek was one of the investors in FTX.US’ recent $400 million Series A funding round at an $8 billion valuation. It was not known how much Temasek had invested in FTX.US; other prominent investors in the round included Paradigm, SoftBank and Multicoin Capital.
  • Temakske also eliminated its holdings in Uber (UBER) and Tencent Music Entertainment (TME) and added positions in trading platform Robinhood (HOOD), payments company Toast (TOST) and betting platform Draft Kings (DKNG)

Read more: Coinbase Forced Into Outage Following Super Bowl Ad After More Traffic 'Than Ever Encountered'

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.

UPDATE (Feb. 14, 19:22 UTC): Added additional position changes in last bullet. point.

Coinbase

More For You

Zoomex: Precise Systems of Fairness and Transparency by Design

By CoinDesk
Jan 31, 2026
logo
Commissioned byZoomex

Read full story

More For You

South Korea’s Hanwha makes a $13 million bet on ‘seedless’ crypto wallets

By Jamie Crawley, AI Boost|Edited by Stephen Alpher
5 hours ago
Wallet (hamedtaha/Unsplash, modified by CoinDesk)

The South Korean financial firm backs the U.S.-based blockchain company to accelerate enterprise wallet technology and real-world asset tokenization.

What to know:

  • Kresus has secured roughly $13 million (KRW 18 billion) from Hanwha Investment & Securities.
  • The funding will support enterprise wallet infrastructure and real-world asset (RWA) tokenization platforms.
  • The deal signals continued institutional investment in blockchain infrastructure despite uneven crypto markets.
Read full story