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13 May 2021

This venture capitalist's $2.5 million investment in Coinbase turned into $4.6 billion | CryptoSlate

This venture capitalist's $2.5 million investment in Coinbase turned into $4.6 billion | CryptoSlate


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This venture capitalist's $2.5 million investment in Coinbase turned into $4.6 billion.

Eight years ago, Fred Wilson, a co-founder of New York-based venture capital firm Union Square Ventures, invested $2.5 million in then-unknown crypto exchange Coinbase—and that recently became the company’s most profitable exit,Bloomberg pointed out yesterday.

Simultaneously, this pushed the worth of Union Square’s $2.5 stake in the exchange to an astonishing $4.6 billion during the first trading day, and the venture firm sold 4.7 million of its Coinbase shares for $1.8 billion.

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Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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