Intercontinental Exchange (ICE), operator of the New York Stock Exchange (NYSE) and the platform Bakkt, has gotten rid of its stake in crypto trading platform Coinbase.
According to the company's first-quarter earnings statement, the $1.23 billion it has earned from the sale of the shares will be included in ICE's earnings for the next period.
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Coinbase shares were listed on the NASDAQ last April 14. During the first day of trading, the capitalization of the crypto exchange exceeded $100 billion.
Several companies have taken the opportunity to buy a stake in Coinbase. During the first day of trading, Ark Invest acquired 749,205 shares of the exchange for approximately $246 million. Later, the investment company acquired another 341,186 shares for $110 million.