Nas’ Early Investment in Coinbase Could Reportedly Net Him $100 Million

Nas Doesn't Want to Celebrate Illmatic Album Anymore - XXL

Nas’ investment firm, QueensBridge Venture Partners, entered Coinbase’s Series B round, back in 2013, when the cryptocurrency exchange platform was valued at around $143 million. Once the company is listed on the Nasdaq it’s estimated to reach a valuation of over $100 billion. The early investment by Nas is expected to profit big time. 

QueensBridge made early-stage investments between $100,000 and $500,000, according to co-founder Anthony Saleh. After dividing that investment range by Coinbase’s Series B share price from that time, Coindesk estimates that QueensBridge could now own 99,329 shares on the low end or 496,642 on the high end, which would give the firm between $34.76 million and $173.8 million worth of shares, according to Yahoo

Coinbase’s debut on the Nasdaq on April 14 at the $100 billion valuation “will mark the first official juncture between the traditional financial avenue and the alternative crypto path,” according to Swissquote senior analyst Ipek Ozkardeskaya. 

Recommended Posts

No comment yet, add your voice below!


Add a Comment

Your email address will not be published.