Intel added new stake in Coinbase stock, valued at more than $750,000

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Intel Corp.
INTC,
-0.09%
disclosed Friday that it invested in Coinbase Global Inc.’s stock
COIN,
+1.85%
during the second quarter, soon after the cryptocurrency trading platform went public. In a 13F filing with the Securities and Exchange Commission, Intel said it owned 3,014 shares of Coinbase as of June 30, valued at the time at about $763,000; Coinbase went public on April 14. Coinbase’s stock closed on June 30 at $253.30, or 22.8% below where it closed ($328.28) on its first day of trading. Over the same time, bitcoin
BTCUSD,
-2.83%
had lost 44.0% while the S&P 500
SPX,
+0.16%
gained 4.2%. Intel also disclosed that it maintained its investments in MaxLinear Inc.
MXL,
-1.28%
at 139,780 shares, in McAfee Corp.
MCFE,
-4.76%
at 5,696,831 shares and in Shift4 Payments Inc.
FOUR,
-1.51%
at 27,761 shares.

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