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The chipmaker held about 3,014 shares of Coinbase’s Class A common stock as of June 30, Intel said in a regulatory filing. The Coinbase shares would be worth around $788,191, based on trading price of $261.51 at 15:01 pm ET on Friday.
Intel did not immediately respond to Reuters request for comment.
Major players have doubled down on crypto holdings including star stock picker Cathie Wood and Tesla (NASDAQ:TSLA) Inc Chief Elon Musk.
One of the largest cryptocurrency exchanges in the world, Coinbase went public through a direct listing in April, which saw its valuation rise to as high as $112 billion on the first day of trading.
