13F quarterly position report: the favored Coinbase

After four months of listing, how popular is Coinbase ?

Recently, many institutions have disclosed their 13F quarterly position reports. ARK, BlackRock, JPMorgan Chase, Deutsche Bank, Morgan Stanley, Goldman Sachs and other institutions all opened positions on Coinbase in the second quarter.

According to the regulations of the US Securities Regulatory Commission: Institutions with stock assets of more than US$100 million are required to submit to the Securities and Exchange Commission (SEC) the stock holding report at the end of the quarter, which is 13F, within 45 days of the end of each quarter. Through the 13F quarterly report, we can see the investment direction of these investment institutions. 

One of the most noteworthy is Intel’s entry.

Intel disclosed in a document submitted to the SEC on Friday that as of June 30 this year, it held 3,014 Coinbase A common shares, valued at approximately $760,000. These are trivial compared to Intel’s $213.7 billion market value, but this investment represents Intel’s first investment in a company engaged in cryptocurrency-related businesses.

In addition, the US investment giant Tiger Global Management, which has $79 billion in assets under management, disclosed in its filing with the SEC on Monday that it holds 2,625,294 shares of the cryptocurrency exchange Coinbase, which are currently valued at approximately $658 million. In fact, Tiger Global Fund has always favored the crypto market. Previously, Tiger Global Fund led Coinbase’s US$300 million Series E financing, which ended in October 2018. In recent days, Tiger Global Fund and Hillhouse Ventures jointly led the $23 million round of B-round expansion of the blockchain audit company CertiK.

As of now, in the distribution of Coinbase’s shareholders, personal investment accounts for 23.82%, venture capital/private equity investment accounts for 13.52%, traditional investment managers account for 10.96%, and hedge funds account for 3.28%.

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The main shareholders are platform founder Brian Armstrong, Ribbit Management Company, Fred Ehrsam, well-known Silicon Valley venture capital companies Andreessen Horowitz, ARK.

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Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/13f-quarterly-position-report-the-favored-coinbase/
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