MittGroup CEO Grant Mitterlehner says younger generations have an advantage in cryptocurrency investments thanks to social media.
Intel Corp. revealed in regulatory filings Friday that it holds a small stake in burgeoning cryptocurrency platform CoinBase.
The tech giant and chipmaker said in a 13F filing that it owns 3,014 shares of CoinBase’s Class A stock as of June 30. CoinBase went public through a direct listing in April.
Intel’s stake in the cryptocurrency exchange is worth roughly $790,000 based on CoinBase’s current share price. Coinbase’s stock has fallen roughly 20% since its public trading debut.
CoinBase shares rose roughly 2% in trading Friday. Intel shares were flat.
Morgan Creek Capital Management CEO Mark Yusko reacts to the Senate blocking cryptocurrency regulation within the infrastructure package.
Intel and CoinBase representatives did not immediately respond to a request for comment.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| INTC | INTEL CORP. | 53.49 | -0.05 | -0.09% |
| COIN | COINBASE GLOBAL, INC. | 261.25 | +4.75 | +1.85% |
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CoinBase is one of several prominent cryptocurrency trading exchanges that have experienced a surge in popularity as digital currencies gain traction among investors. The platform’s offerings include Bitcoin, Ethereum, Binance Coin and Dogecoin.
CoinBase has a market capitalization of roughly $54 billion. Earlier this week, the company reported second-quarter earnings and revenue that topped Wall Street’s expectations.
