{"id":10996,"date":"2021-08-14T13:54:08","date_gmt":"2021-08-14T13:54:08","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/intel-discloses-holding-coinbase-stake-in-filing-with-sec\/"},"modified":"2021-08-14T13:54:08","modified_gmt":"2021-08-14T13:54:08","slug":"intel-discloses-holding-coinbase-stake-in-filing-with-sec","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/intel-discloses-holding-coinbase-stake-in-filing-with-sec\/","title":{"rendered":"Intel Discloses Holding Coinbase Stake in Filing With SEC"},"content":{"rendered":"

Computer chip manufacturer Intel Corp. has revealed it holds a stake in the leading U.S. cryptocurrency exchange, Coinbase. The tech giant purchased the shares worth almost $800,000 after the digital asset trading platform went public earlier this year. <\/strong><\/p>\n

Intel Acquires Shares of Crypto Exchange Coinbase<\/h2>\n

Intel has disclosed<\/a> it owns Coinbase stock in a quarterly report<\/a> submitted to the U.S. Securities and Exchanges Commission (SEC) on Friday. The Santa Clara, California-based technology company bought the stake following the listing of the cryptocurrency exchange this spring.<\/p>\n

According to the filed Form 13F, Intel had 3,014 shares of the platform\u2019s operator, Coinbase Global Inc., as of June 30, valued at over $760,000 at the time. On that date, Coinbase\u2019s stock closed at $253.30 per share, Market Watch details.<\/p>\n

The price at the end of June was 22.8% lower than the $328.28 closing rate registered on the first day of trading of the COIN shares, April 14. The stocks have since recovered some of the lost value, recently exceeding $280.<\/p>\n

Source: Yahoo Finance<\/p>\n

On the last day before the weekend, Coinbase\u2019s shares rose by 1.85% with a closing price of $261.25, Fox Business noted in its report on the regulatory filing. The shares of Intel remained almost unchanged on Friday, at around $53.50.<\/p>\n

<\/p>\n

Earlier this week, Coinbase published<\/a> earnings and growth data which showed the crypto trading company made over $2 billion in net revenue during Q2, 2021. The exchange also revealed it had around 68 million verified users while its retail monthly transacting users rose to 8.8 million, a 44% increase over this year\u2019s first quarter.<\/p>\n

The COIN shares acquisition isn\u2019t Intel\u2019s first foray into the crypto space. In April, the corporation joined forces<\/a> with software giant Microsoft to deploy a threat detection tool designed to combat cryptojacking. And in 2018, Intel was granted a patent<\/a> for a processing system capable of mining bitcoin in an energy efficient way.<\/p>\n

What do you think about Intel\u2019s investment in Coinbase shares? Tell us in the comments section below. <\/em><\/strong><\/p>\n

Bitcoin News
\nNews, Chip, Coinbase, Crypto, crypto exchange, crypto trading, Cryptocurrency, Digital Assets, Exchange, filing, Intel, investment, Maker, Manufacturer, processor, report, SEC, shares, stake, Stock, tech giant, technology company<\/p>\n","protected":false},"excerpt":{"rendered":"

Computer chip manufacturer Intel Corp. has revealed it holds a stake in the leading U.S. cryptocurrency exchange, Coinbase. The tech giant purchased the shares worth almost $800,000 after the digital asset trading platform went public earlier this year. Intel Acquires Shares of Crypto Exchange Coinbase Intel has disclosed it owns Coinbase stock in a quarterly…<\/p>\n","protected":false},"author":0,"featured_media":10997,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10996"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10996"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10997"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}