Intel Corp last Friday revealed a stake in United States cryptocurrency exchange Coinbase Global IncIntel Corp on Friday revealed a stake worth less than a million dollars in United States cryptocurrency exchange Coinbase International Inc.The chipmaker held about 3,014 shares of Coinbase's Class A typical stock since June 30, Intel stated in a regulatory filing.The Coinbase shares would be worth around $788,191, based upon trading rate of $261.51 at 15:01 pm ET on Friday.
Intel did not right away respond to Reuters ask for commentMajor players have doubled down on crypto holdings consisting of star stock picker Cathie Wood and Tesla Inc Chief Elon Musk.One of the largest cryptocurrency exchanges worldwide, Coinbase went public through a direct listing in April, which saw its evaluation increase to as high as $112 billion on the first day of trading.