Investment behemoth Tiger Global Management, which boasts $79 billion worth of assets under management, has disclosed a $665 million stake in leading cryptocurrency exchange Coinbase in its Aug. 16 filing with the U.S. Securities and Exchange Commission.
The New York-based firm holds 2,625,294 COIN shares that are currently worth $679 million.
Mon, 08/16/2021 - 17:57
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The Coinbase stock is trading at $259 at the time of writing after tumbling 12 percent from its recent high of $293 that was reached on Aug. 11.
As reported by U.Today, semiconductor chip manufacturer Intel revealed that it had bought $763,000 worth of COIN shares.
Tiger Global Management led Coinbase’s $300 million Series E funding round that was closed in October 2018.
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Vladislav Sopov
Dan Burgin
