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Nas Nas’ Investment In Coinbase Could Make Him $100 Million Nas is looking at a major payday from his investment into cryptocurrency currency exchange platform Coinbase. His investment group, QueensBridge Venture Partners, jumped on a Series B investment for Coinbase back in 2013, when the company raised $25 million.
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Nas didn’t invest in Coinbase directly, as his investment was made via his portfolio company Queensbridge Venture Partners. Queensbridge revealed it was an investor in Coinbase back in 2013, when it helped raise $25 million in a Series B funding round.
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Nas invested between $100,000 and $500,000 dollars through his company QueensBridge Venture Partners during an investment round in 2013, reported Forbes. Since then, Bitcoin has overgone two pivotal bull runs and shares in Coinbase have exploded in value. Coinbase now has a market cap of $60 billion and each share trades for $297.
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With Coinbase shares being around $1 at the time of his early 2013 investment, if Nas purchased 500,000 shares, he could be seeing a return of around $165 million. “Long crypto forever… in sickness.
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Through QueensBridge, Nas made an investment in Coinbase back in 2013 when the trading platform was only around one year old. The specific amount is not known but Anthony Saleh, a partner at.
Rapper Nasir Jones, known better as Nas, has emerged as an unlikely winner in today’s Coinbase IPO. An early investor in the company, the rapper’s stake is worth at least $40 million. The.
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Since 2013, Nas has been involved with Coinbase when his Venture company invested twenty-five million dollars in cryptocurrency. Based on previous analysis done by Coindesk, the article notes that Nas’ Queensbridge could own a low-end of 99,329 shares or a high-end of 496,642. Nas could earn $43.7 million or $218.5 million if the Coinbase share prices go up to $440. It was previously at $350.
Earlier this year, Nas made headlines when Coinbase Global Inc (NASDAQ: COIN) went public. Nas was an investor in the company in 2013 when it was valued at $143 million in a Series B round. Nas’s.