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Intel discloses small stake in crypto exchange Coinbase

Reuters2021-08-14

Aug 13 (Reuters) - Intel Corp on Friday disclosed a stake worth less than a million dollars in U.S. cryptocurrency exchange Coinbase Global Inc.

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.

Intel did not immediately respond to Reuters request for comment.

Major players have doubled down on crypto holdings including star stock picker Cathie Wood and Tesla Inc Chief Elon Musk.

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.

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  • Mr. T
    ·2021-08-16
    It will go up some more
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  • peterob1
    ·2021-08-15
    Up
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    • peterob1
      Nice
      2021-08-15
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  • Deonc
    ·2021-08-15
    Great
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  • pekss
    ·2021-08-15
    Surprised that Intel will bother to hold such a small stake that will not move the needle for its bottom line
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  • Rickyt089
    ·2021-08-15
    Like pls
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  • SteadyDoesIt
    ·2021-08-14
    Everybody is piling into the bitcoin trade nowadays 
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  • fearedhouse
    ·2021-08-14
    !
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  • JWee
    ·2021-08-14
    Gogogo! Up and away!
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  • SaveHK
    ·2021-08-14
    Wow bit to $1000000 end of year then?????
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  • Pluto891
    ·2021-08-14
    my coinbase has hope
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    • jtttm
      same haha
      2021-08-14
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  • IZLIN
    ·2021-08-14
    Reply
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    • fearedhouse
      !
      2021-08-14
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    • Meow17
      OK noted
      2021-08-14
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  • BlueDragon
    ·2021-08-14
    Good
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  • Chitz
    ·2021-08-14
    Like
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  • coltzilla
    ·2021-08-14
    Oh…I see
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  • WKB
    ·2021-08-14
    Should I follow?
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    • Melvin888
      Buy?
      2021-08-14
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    • Sm9999
      Ohh
      2021-08-14
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  • Xxxtaengxx
    ·2021-08-14
    Ok
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  • Xxxtaengxx
    ·2021-08-14
    Kk
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  • CHOOTC
    ·2021-08-14
    Like
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