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
US stocks erase Monday losses after Bessent calls China trade situation ‘unsustainable’
While Treasury Secretary Scott Bessent expects de-escalation in the future, he said negotiations have not yet started
Small-cap stocks are adding Solana exposure
Struggling stocks revive fortunes with Solana treasury buys
Total cryptocurrency market value exceeds $3 trillion
OpenAI's goal of reorganizing as a for-profit company hits roadblock
Trending news
MoreCrypto prices
More
