Tiger Global Exited Coinbase Stake Late Last Year, Filing Shows

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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

Investment firm Tiger Global Management sold its stake in crypto exchange Coinbase late last year, according to a Wednesday regulatory filing.with the U.S. Securities and Exchange Commission showed that it held no Coinbase shares as of Dec. 31. Three months earlier, it had 38,850 shares worth $2.9 million at the time, according to a

The sales followed a more than 400% rally in Coinbase shares as crypto emerged from a deep bear market.award-winningin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

 

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