Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: Tanimariya on March 27, 2021, 01:12:33 PM
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Duke’s direct exposure to Coinbase in one of its early investment rounds has probably increased 100x, two people familiar with the matter said.
The endowment fund of Duke University, the alma mater of Coinbase co-founder Fred Ehrsam, was one of the fortunate few to have made an early investment in the soon-to-list cryptocurrency exchange, CoinDesk has learned.
Two people familiar with the matter said the $3.9 billion Duke Endowment was included early on in the cap table of Coinbase, which is expected to command a price tag of around $100 billion when its shares debut on Nasdaq. Those shares are now worth a small fortune, on the order of nine figures, the sources said.
Source Link
(https://www.coindesk.com/duke-universitys-early-coinbase-investment-could-now-be-worth-500m-sources)