
Gaining access to Coinbase’s stock might be of interest to institutions
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Goldman Sachs and JPMorgan are among the major institutions that hold Coinbase stock, according to Coinbase’s quarterly filings. A large asset manager, BlackRock, has just bought Coinbase stock, following the purchase of MicroStrategy stock worth $700 million. With this $500 million investment, Coinbase will increase its cryptocurrency holdings by more than twice. With Coinbase increasing its crypto holdings, institutions investing in its stock will indirectly gain exposure to these assets.