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Coinbase Valuation Climbs $100+ Billion in Secondary Share Sale
Last Friday, Coinbase sold its recent batch of 127,000 shares at $373 putting the company’s valuation above $100 billion.
As per the latest report from Axios Capital, Coinbase valuation stood above $100 billion ahead of its direct listing. As per the publication, the most recent batch of Coinbase shares attracted a price of $373 per share.
The world’s biggest crypto exchange sold its initial batch of 75,000 shares on January 29, at $200 per share. The next two batches of shares released by Coinbase sold at $301 and $303 respectively. Last Friday, Coinbase sold its recent batch of 127,000 shares at $373 putting the company valuations above $100 billion.
Commanding just $8 billion valuations in late 2018, Coinbase has registered significant growth in the last 36 months. As Axios reports, in the full year ending 2019, Coinbase reported a net loss of $30 million with $530 million in revenue. However, during the last year of 2020, Coinbase generated $141 million in net income with its reported revenue of $691 million.
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