Intel Buys Coinbase Shares

Intel seems to have acquired the shares during its second quarter, which ended on June 26. However, Intel did not disclose holding shares before that date.

As per the quarterly report filed with the US Securities and Exchange Commission by the firm’s institutional investment managers, it paid $763,000 for 3,014 COIN shares.

In April, Coinbase launched a direct listing that allowed it to trade openly. However, according to Barron, Intel may have bought the shares before then since businesses going public are only required to disclose holdings in themselves of at least 5%.

On Tuesday, Coinbase announced excellent second-quarter earnings, but it cautioned that third-quarter user activity would decrease.

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