Intel added new stake in Coinbase stock, valued at more than $750,000
Intel Corp.
INTC,
disclosed Friday that it invested in Coinbase Global Inc.’s stock
COIN,
during the second quarter, soon after the cryptocurrency trading platform went public. In a 13F filing with the Securities and Exchange Commission, Intel said it owned 3,014 shares of Coinbase as of June 30, valued at the time at about $763,000; Coinbase went public on April 14. Coinbase’s stock closed on June 30 at $253.30, or 22.8% below where it closed ($328.28) on its first day of trading. Over the same time, bitcoin
BTCUSD,
had lost 44.0% while the S&P 500
SPX,
gained 4.2%. Intel also disclosed that it maintained its investments in MaxLinear Inc.
MXL,
at 139,780 shares, in McAfee Corp.
MCFE,
at 5,696,831 shares and in Shift4 Payments Inc.
FOUR,
at 27,761 shares.
