Financial investment company Tiger Global Management offered its stake in crypto exchange Coinbase (COIN) late in 2015, according to a Wednesday regulative filing.
Tiger Global’s 13F filing with the U.S. Securities and Exchange Commission revealed that it held no Coinbase shares since Dec. 31. 3 months previously, it had 38,850 shares worth $2.9 million at the time, according to a previous filing.
The sales followed a more than 400% rally in Coinbase (COIN) shares as crypto emerged from a deep bearishness.
Tiger Global was an essential financier in Coinbase before its public listing, leading the exchange’s $300 million series E financing round in October 2018.
Modified by Nick Baker.
