2 years ago
Singapore’s authorities concern money Temasek, 1 of the largest investors successful the world, has sold disconnected its humble presumption successful crypto speech Coinbase (COIN), according to its latest U.S. Securities and Exchange Commission (SEC) filings.
In its third 4th filing, the money listed ownership of 8,168 Coinbase shares worthy astir $2.1 million, but its 4th fourth filing shows nary Coinbase holdings. Temasek’s full portfolio was valued astatine $301 cardinal arsenic of the extremity of 2021.
Coinbase’s banal has declined astir 40% since its archetypal nationalist offering past April.
Meanwhile, Temasek was 1 of the investors successful FTX.US’ caller $400 cardinal Series A funding circular astatine an $8 cardinal valuation. It was not known however overmuch Temasek had invested successful FTX.US; different salient investors successful the circular included Paradigm, SoftBank and Multicoin Capital.
Temakske besides eliminated its holdings successful Uber (UBER) and Tencent Music Entertainment (TME) and added positions successful trading level Robinhood (HOOD), payments institution Toast (TOST) and betting level Draft Kings (DKNG)
UPDATE (Feb. 14, 19:22 UTC): Added further presumption changes successful past bullet. point.
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Nelson Wang is CoinDesk's quality exertion for the East Coast. He holds BTC and ETH supra CoinDesk's disclosure threshold of $1,000.
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