Crypto venture capital firm Paradigm has purchased additional shares in Coinbase worth approximately $50 million, according to a regulatory filing. The firm's entity, Paradigm One LP, bought 810,000 Coinbase shares at an average price of $61 on Tuesday and Wednesday. Paradigm is investing further into the company amid Coinbase's ongoing battle with the Securities and Exchange Commission, and has filed an amicus brief in support of Coinbase's lawsuit against the SEC. Despite a decline in stock prices since 2021, Coinbase reported earnings that exceeded analyst expectations for the first quarter of 2023.
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Crypto Venture Capital Firm Paradigm Buys $50M Worth of Coinbase Shares Amid SEC Battle
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Cointime June 29th News Express
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