Business Intel discloses a stake worth less than a million...

Intel discloses a stake worth less than a million dollars in cryptocurrency

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Intel on Friday unveiled a stake worth not exactly 1,000,000 dollars in cryptocurrency exchange Coinbase.

The chipmaker held around 3,014 shares of Coinbase’s Class A common stock as of June 30, Intel said in an administrative recording. The Coinbase shares would be worth around $788,191, in view of trading price of $261.51 at 3:01 pm ET on Friday.

Intel didn’t quickly react to medias’ solicitation for input.

Significant players have multiplied down on crypto property including star stock picker Cathie Wood and Tesla Chief Elon Musk.

One of the biggest cryptocurrency exchanges on the planet, Coinbase opened up to the world through an immediate posting in April, which saw its valuation ascend to as high as $112 billion on the main day of trading.

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