OpenSea investor marks down stake in platform by 90%: Report
OpenSea’s co-lead investor, Coatue Management, marked down its investment from $120 million to $13 million.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
OpenSea’s co-lead investor, Coatue Management, marked down its investment from $120 million to $13 million.
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Investor groups urge SEC to maintain mandatory quarterly reports
Reducing mandatory quarterly reports could undermine transparency, widen information gaps, and weaken investor confidence in corpo...
Former Tether CIO seeks to sell stake in stablecoin issuer, Bloomberg reports
The reported transaction comes as Tether maintains it has no plans to go public, even as other crypto companies pursue or delay IP...
Nigel Farage faces probe following crypto aide’s secret support, report
Nigel Farage has been accused of breaking parliamentary rules after convicted criminal and crypto gambler George Cottrell apparent...
Strategy Sells 3,588 Bitcoin to Fund Dividends as Saylor’s Treasury Model Meets Its First Real Test
Strategy (MSTR), the Michael Saylor–led company that turned corporate bitcoin accumulation into a Wall Street phenomenon, disclose...
Bitcoin (BTC) Price Prediction: BTC Holds $63K Support—Can Rising Active Addresses Offset Bearish Technical Signals?
Although the BTC price has remained near a key support zone, recent chart signals and Strategy’s sale of a portion of its Bitcoin...
Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC
Bitcoin Magazine Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC American Bitcoin Corp (Nasdaq: ABTC) has move...