Intel Owns Stake in Coinbase: Report Hawk
Main page News, Cryptocurrency Exchanges, Institutional Investors

Chip manufacturer Intel owns shares of Coinbase, Barron's reports, citing the company's financial disclosure. The Santa Clara-based chipmaker reportedly owned quite a tiny portion of 3,014 shares (~$788,000) of Coinbase (COIN) as of the end of June.

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According to Barron's, Intel could have got a stake in the cryptocurrency exchange by investing in it before Coinbase's shares were trading publicly. The biggest investor in Coinbase is ARK Invest so far. The investment management firm owns 4.2 million shares (~$1.08 billion).

Coinbase Acquires Data Provider Zabo

Earlier, Coinbase revealed that its net profit in Q2 of 2021 rose up to $1.6 billion, which is almost x50 more than during the same period in 2020. Second-quarter revenue rose to $2.03 billion, up from $186.4 million last year. Earnings per share rose to $6.42, according to the company's financial statements.

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