Coatue Management reduces OpenSea stake by 90%
According to documents reviewed by TheInformation, Coatue Management, a US investment management company focused on technology, has reduced its stake in OpenSea by nearly 90%. Coatue reduced its stake in the NFT platform worth $120 million to $13 million in the second quarter of 2023. This move indicates that OpenSea's valuation is not more than $1.4 billion. In addition to OpenSea, Coatue also reduced its stake in MoonPay, a web3 infrastructure company, by 90%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Expert Reveals Obstacle Keeping XRP Price from Big Rally as This Ripple Rival Aims for 12000x Run
Significant Bitcoin, Ethereum and Litecoin Move by US Giant Company
A major US company has announced that it will now accept various cryptocurrencies, including Bitcoin, from its customers.
Analysis Company Makes Prediction for Bitcoin After the US Election: “Even If Donald Trump Wins…”
Cryptocurrency analysis company QCP Capital made a new future prediction for the Bitcoin price in its statement.
Trending news
MoreCrypto prices
More
