Intel disclose In its filing with the US Securities and Exchange Commission, it holds shares in Coinbase, which is the operator of a cryptocurrency exchange that went public in April.
The company stated that it owns 3,014 Coinbase Class A shares with a total value of approximately US$763,000. However, this disclosure only applies to the reporting period ending June 30, so Intel’s equity in Coinbase may now have changed.
Barron’s famous Intel did not make a similar disclosure at the end of the first quarter, so it either held less than 5% of Coinbase’s shares before the IPO or purchased these shares after the public offering.
Coinbase’s listing on the Nasdaq Stock Exchange helps drive Bitcoin prices up A record high Approximately $64,000, as crypto enthusiasts and institutional investors celebrate the latest signs that digital assets are becoming more mainstream.
Yahoo Finance data It shows that Coinbase’s stock price reached about 430 US dollars on the day of listing, but its value fell shortly afterwards, and the current trading price is about 254 US dollars. But Intel can still enjoy its return on investment. Its 3,014 shares are currently valued at US$767,063; this is US$4,063 higher than the value quoted in its SEC filings.
But this may not be the point. Coinbase is one of the three companies included in the document, which shows that Intel sees its potential, even if the market does not hype cryptocurrency exchanges as it did when Bitcoin peaked.
Not that Intel is shy about its interest in cryptocurrencies.company Patented For example, related to Bitcoin mining, and It joined The Enterprise Ethereum Alliance collaborates with other leading companies to develop digital currencies.