Nas Reportedly Could Net $100M When Coinbase Lists on NASDAQ

According to reports, Nas and his Queensbridge Venture Partners’ investment into the cryptocurrency Coinbase could be paying off soon, as the currency is expected to reach over $100 billion in valuation after the stock lists on Wednesday.

QVP co-founder Anthony Saleh noted that they were also backers of Robinhood in 2013, along with Dropbox and Lyft, and made “early-stage” investments between $100,000 and $500,000.

Reports noted that Nas’ investment firm was able to get into Coinbase’s Series B round of investment in 2013 when they reportedly raised $25 million. Coinbase was reportedly worth $143 million at that time. According to an analysis by Coindesk, Queensbridge Venture Partners reportedly own around 496,642 shares on the high end and 99,329 shares on the low end. Stay tuned for more updates.

source: Coindesk

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