Report recommends mainstream technology giants to hold Coinbase stock

go through&nbspClark

Intel’s COIN stocks held at the end of the second quarter were very small, and were valued at between US$500,000 and US$1,000,000 at the time of release.

Between 2020 and 2021, the cryptocurrency business has attracted a lot of mainstream attention. As people’s awareness of the cryptocurrency business continues to increase, Intel, a technology company with a history dating back to 1960, discovered an investment in the cryptocurrency exchange Coinbase (COIN).

Although various details are still unknown, for example, after the acquisition took place, Intel was required to announce its funding for the second quarter, showing that the company held 3,014 COIN shares at the end of the second quarter, which is consistent with a Barron’s article on Friday. “Intel is responsible for disclosing shares to the U.S. Securities and Exchange Commission because it has a substantial $100 million publicly listed investment,” Barron magazine pointed out.

Intel’s revelation was made public on August 13, consistent with the article.

Coinbase will go public in April 2021 and will be listed directly on the Nasdaq. According to TradingView’s information, since its listing, Coinbase’s stock trading price has ranged from $210 to $430 per share.

The closing price of COIN on Friday was $261.25 per share. According to this value, Intel’s reported holdings for the second quarter are currently priced at $787,407.50. COIN closed at $253.30 in the second quarter, which may make Intel’s markup price at $763,446.20.

“Before the stock is publicly traded, it is feasible for Intel to donate in Coinbase,” Barron’s article mentioned. “Regulatory documents only require listed companies to disclose investors who hold 5% or a large number of shares.”

Intel has participated in many blockchain work in the past and provided blockchain solutions based on Hyperledger Fabric.