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

Intel Corp. INTC, -0.16% disclosed Friday that it invested successful Coinbase Global Inc.'s banal COIN, +1.75% during the 2nd quarter, soon aft the cryptocurrency trading level went public. In a 13F filing with the Securities and Exchange Commission, Intel said it owned 3,014 shares of Coinbase arsenic of June 30, valued astatine the clip astatine astir $763,000; Coinbase went nationalist connected April 14. Coinbase's banal closed connected June 30 astatine $253.30, oregon 22.8% beneath wherever it closed ($328.28) connected its archetypal time of trading. Over the aforesaid time, bitcoin BTCUSD, +4.40% had mislaid 44.0% portion the S&P 500 SPX, +0.06% gained 4.2%. Intel besides disclosed that it maintained its investments successful MaxLinear Inc. MXL, -1.58% astatine 139,780 shares, successful McAfee Corp. MCFE, -4.73% astatine 5,696,831 shares and successful Shift4 Payments Inc. FOUR, -1.63% astatine 27,761 shares.