Rapper Nas Set To Make $100 Million From Investment In Crypto Firm Coinbase
Crypto exchange, Coinbase was listed to NASDAQ on Wednesday 14th April 2021
Legendary rapper Nas Jones was among the earliest investors in the crypto company
Nas invested between $100,000 to $500,000 in 2013 when the shares of the company sold for only $1
One of the most exciting news in the crypto world yesterday was the direct listing of Coinbase to NASDAQ.
The crypto company was listed to NASDAQ on Wednesday, 14th April 2021 and things are looking good for early investors in the company.
On Coinbase’s first day in NASDAQ, its shares closed at $328.28, with the company’s valuation at $85.8 billion.
Rapper Nas and his company, Queensbridge Venture Partners were one of the earliest investors in Coinbase.
Queensbridge Venture Partners invested between $100,000 and $500,000 when Coinbase was valued at $143 million in 2013.
At the time of Nas’s investment, Coinbase shares were valued at $1.00676.
With an investment between $100,000 and $500,000, the rapper will stand to receive a return on investment between $34.76 million and $173.8 million.
Also, many experts expect the shares prices to increase since this is Coinbase’s first day on NASDAQ.
Nas was also happy to celebrate his investment through a tweet about cryptocurrency.
Long crypto forever…. in sickness & in health
— Nasir Jones (@Nas) April 14, 2021