American technology giant, Intel Corp disclosed on Friday that it now holds a stake worth nearly a million dollars in the Nasdaq-listed cryptocurrency exchange Coinbase Global Inc. As per a regulatory filing Intel acquired 3,014 shares of Coinbase, all valued at $788,191, based on the current trading price of $261.51 per share.
Since the inception of Bitcoin in December 2008 digital assets have immensely boomed from being ‘just technological innovations’ to ‘financial instruments’ used by billions of people worldwide. Crypto adoption has significantly surged around the world over years. And, after witnessing this, market giants have also filled up their accounts with massive crypto holdings. The chipmaker Intel also seemed to follow the trend, and ultimately has entered into the digital asset marketplace through one of the leading exchanges in the ecosystem.
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