Intel did not immediately respond to Reuters request for comment.
The chipmaker held about 3,014 shares of Coinbase’s Class A common stock as of June 30, Intel said in a regulatory filing. The Coinbase shares would be worth around $788,191, based on trading price of $261.51 at 15:01 pm ET on Friday.
One of the largest cryptocurrency exchanges in the world, Coinbase went public through a direct listing in April, which saw its valuation rise to as high as $112 billion on the first day of trading.
Major players have doubled down on crypto holdings including star stock picker Cathie Wood and Tesla Inc Chief Elon Musk.
ALSO READ TECH NEWSLETTER OF THE DAY
Between the investigation into their business practices and the government’s proposed changes to the ecommerce rules, Flipkart and Amazon find themselves in a tight spot.
Read Now
News Highlights Business
- Cryptocurrencies: Intel Reveals Small Stake In Cryptocurrency Exchange Coinbase
- Check all news and articles from the Business news updates.
Disclaimer: If you need to update/edit this news or article then please visit our help center.