coinbase shares – DIGIT INFO

Emory University Holds Over $16M in Bitcoin ETFs and Coinbase Shares

DIGIT — Tue, 29 Oct 2024 10:30:53 +0000

Emory University has disclosed ownership of over $15 million in shares of the Grayscale Bitcoin Mini Trust, according to a recent filing with the U.S. Securities and Exchange Commission. This announcement marks Emory as the first American endowment to publicly report exposure to bitcoin. In addition to its bitcoin investment, Emory holds 4,312 shares of […]

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Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics

DIGIT — Wed, 24 Jul 2024 02:11:42 +0000

Analysts from Citi Group said a potential “crypto-friendly” administration and growing revenues are bullish catalysts for Coinbase shares.

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Ark Invest Shifts Portfolio, Swaps Coinbase and Robinhood for Newly IPO’d Reddit Shares

DIGIT — Fri, 22 Mar 2024 16:30:54 +0000

On Thursday, Ark Invest parted ways with 133,533 Coinbase shares from its Ark Innovation exchange-traded fund (ARKK) and also disposed of 96,003 Robinhood shares from the ARKW ETF. Following these divestments, Ark Invest acquired Reddit shares for both the ARKW and ARKF ETFs. Ark’s Portfolio Pivot: COIN, HOOD Out, RDDT In This week, Cathie Wood‘s […]

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Goldman Sachs Reevaluates Coinbase, Eyes Neutral Stance Amid Crypto Surge

DIGIT — Fri, 08 Mar 2024 17:00:52 +0000

In a significant shift, Goldman Sachs has upgraded its rating on Coinbase shares from selling to neutral, citing a surge in crypto prices and record-breaking daily volumes. The adjustment to a $282 price target reflects the bank’s reassessment of the San Francisco-based crypto exchange’s revenue potential and operational strides toward profitability. Goldman Sachs Shifts Gears: […]

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Moody’s downgrades Coinbase citing ‘uncertain magnitude’ of SEC charges

DIGIT — Fri, 09 Jun 2023 03:52:22 +0000

Meanwhile, financial services firm Berenberg Capital told Cointelegraph that it viewed Coinbase shares as “uninvestable” in the near term.

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Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions

DIGIT — Tue, 28 Jun 2022 11:30:52 +0000

Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes “Coinbase will […]

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Coinbase Shares Declined 50% From All-Time High, Stock Follows Bitcoin’s Ups and Downs

DIGIT — Thu, 03 Feb 2022 14:30:12 +0000

Roughly nine months ago, Coinbase’s initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase shares have dropped by close to half that value and today, COIN is swapping for more than 45% lower at $187 per unit. Coinbase Follows […]

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Q2 Earnings Show Coinbase Raked in $2 Billion — Firm Forms Partnerships With Elon Musk, PNC Bank, Spacex

DIGIT — Wed, 11 Aug 2021 12:30:49 +0000

Coinbase published the company’s shareholder letter on Tuesday which detailed it made over $2 billion in net revenue during the second quarter. The firm said “Q2 was a strong quarter” for Coinbase as it saw both “growth and diversification” this year. While netting in $2 billion, Coinbase said it has 68 million verified users and […]

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Andreessen Horowitz Discusses Raising Third Crypto Fund to $2 Billion, Sources Say

DIGIT — Mon, 31 May 2021 21:30:12 +0000

In May 2020, back when the crypto economy was still tumultuous from the coronavirus outbreak fears and gloomy global financial outlook, in general, the private venture capital firm Andreessen Horowitz (a16z) revealed the 500 million-dollar “Crypto Fund II.” A report published on May 27 by the tech writer Eric Newcomer indicates that Andreessen Horowitz is […]

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Coinbase Shares Down 27%, $1.2B Convertible Debt Deal Announced, Shareholder Letter Says ‘Competition Increasing’

DIGIT — Tue, 18 May 2021 13:30:25 +0000

Coinbase shares have dropped in value during the last month after opening at $342 per share. The company’s shares have dropped over 27% to $248 per share since the Nasdaq listing in mid-April. On Monday, the firm further announced intentions to sell $1.25 billion of convertible debt. Coinbase Shares Drop Below Reference Rate Coinbase Global, […]

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