September 19, 2021

Tiger Global investment fund acquires Coinbase shares

Tiger Global investment fund acquires Coinbase shares

The company, which manages $ 80 billion in assets, has acquired approximately 2.6 million Coinbase shares, worth $ 680 million.

An investment company with nearly 20 years of experiencehistory, manages $ 80 billion in assets. Tiger Global brought its investors about $ 10.5 billion in 2020, making it one of the most profitable funds.

With the release of Q2 financial statements, indirect or direct crypto investments of many companies are being disclosed.

Indirect cryptocurrency investments overpreferred by institutional investors due to regulated rules. By choosing this method, companies remain within the stock market without touching the cryptocurrency market. This is one of the reasons the shares of the GBTC Bitcoin Trust are getting so much attention. Many corporations invest in blockchain research and development companies or cryptocurrency exchanges.

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