There was a discussion about Coinbase Ventures $COIN on the @BanklessHQ "Robinhood vs. Coinbase" episode. While I don’t have an answer on the value of CB Ventures' portfolio, here’s what I found in the disclosures:
✔️ Coinbase records investments at cost, and adjusts to fair value if there is a transaction "for the same or similar investments of the same issuer"
✔️ Over the years, they have invested about $522 million, with $320 million invested in 2021 alone
✔️ They have written off $145 million of this amount ("cumulative impairments"), and bought two companies out of this portfolio, Bison Trails and ORDAM ("previously held interest")
✔️ As of the end of 2024, the portfolio was recorded at a value of $361 million
✔️ Coinbase records investments at cost, and adjusts to fair value if there is a transaction "for the same or similar investments of the same issuer"
✔️ Over the years, they have invested about $522 million, with $320 million invested in 2021 alone
✔️ They have written off $145 million of this amount ("cumulative impairments"), and bought two companies out of this portfolio, Bison Trails and ORDAM ("previously held interest")
✔️ As of the end of 2024, the portfolio was recorded at a value of $361 million
There are 460 companies listed under the "Portfolio" section: coinbase.com/ventures/portf…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
