Investment firm Tiger Global Management announced that it sold millions of dollars worth of Coinbase (COIN) shares.
Under global management 58 billion dollars Tiger Global, which has 13F application reported that he sold all Coinbase shares in the last quarter of last year.
According to the report, the company is operating in 2023 in the 4th quarter value at that time $2.9 million the one which… 38,850 COINS made the sale. Tiger Global did not make an official statement as to why it was selling.
Tiger Global stood out as a key early investor before Coinbase’s IPO. The company is Coinbase in October 2018 He led the $300 million Series E financing round.
Coinbase shares hosted a significant upward wave in 2023. In particular, the fact that the majority of spot Bitcoin exchange traded fund (ETF) issuers preferred Coinbase to store their Bitcoins served as the locomotive of this rise.