Singapore’s state investment fund Temasek, one of the largest investors in the world, has sold off its modest position in crypto exchange Coinbase (COIN), according to its latest SEC filings.
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In its third quarter filing, the fund listed ownership of 8,168 Coinbase shares worth approximately $2.1 million, but its Q4 filing shows no Coinbase holdings. Temasek’s total portfolio was valued at $301 billion as of the end of 2021.
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Coinbase’s stock has declined about 40% since its IPO last April.
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Meanwhile, Temasek was one of the investors in FTX.US’s recent $400 million Series A fundraise at an $8 billion valuation. It was not known how much Temasek had invested in FTX.US; other prominent investors in the round included Paradigm, Softbank and Multicoin Capital.
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