Crypto VC Firm Paradigm Puts $50M in Coinbase Shares
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A crypto-focused investment firm Paradigm founded by Coinbase's Co-Founder, Fred Ehrsam, has purchased $50 million worth of Coinbase shares, according to a recent regulatory filing with the US Securities and Exchange Commission (SEC).

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As per the document, Paradigm's arm — Paradigm One LP — purchased 810,000 COIN shares. With the latest move, Paradigm One LP and Paradigm Fund LP now have a total of 4.5 million Coinbase shares. The shares have been bought at an average price of $61.2. As of press time, COIN slipped 4.9% to $57.3.

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