We have been thinking about and looking to make an investment in the Bitcoin ecosystem for several years, Wilson wrote on the site for his firm, Union Square Ventures. Today, we are happy to be able to talk about our first investment in the sector.
The deal was Coinbase. The round was Series A. The price tag was $5 million at 20 cents a share for a valuation of around $20 million.
Coinbase had recently graduated from the Y Combinator incubator program and only raised seed funding to that point. With Coinbase s Nasdaq debut on Wednesday, Union Square s wager on a web service that at the time had just over 100,000 members buying and storing bitcoin is now worth about $4.6 billion. His New York-based firm invested out of a $200 million fund.
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Coinbase Stock to Debut Directly on the NASDAQ April 09, 2021 08:51 UTC
Coinbase stock is due to be listed on the NASDAQ stock exchange imminently. But what can you expect from this new listing? In this article, we will take a look at the upcoming Coinbase IPO and tell you everything you need to know about the company behind the listing!
What Is Coinbase?
If you want to own Bitcoin, you have two options. You can either mine the cryptocurrency, which requires incredibly advanced technical knowledge and the expense of considerable sums of money in the process, or, alternatively, you can create an account with a cryptocurrency exchange and buy some.