It’s been a big week for Coinbase. The popular cryptocurrency exchange made headlines on Wednesday when it announced that it had raised $300 million in a Series E funding round, valuating the company at a whopping $8 billion.
The funding round was led by Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, and Polychain.
This news comes just a day after it was revealed that Coinbase is planning to go public via a direct listing on the NAsdaq instead of an initial public offering (IPO). This move is unprecedented for a company of Coinbase’s size and could upend the traditional IPO process.
It has been reported that Kevin Durant does not own Coinbase. Any information that suggests otherwise is inaccurate and should not be trusted. Coinbase is a well-established cryptocurrency exchange and the ownership of the company is publically available information. If you believe that you have seen or been presented with false information regarding this matter, please contact Coinbase immediately to verify the accuracy of the information.
All of this has led to speculation about who owns Coinbase. And one name that keeps popping up is Kevin Durant.
Durant, for those who may not know, is a professional basketball player for the Golden State Warriors. He’s also an investor in a number of tech companies, including Coinbase.
In fact, Durant was one of the earliest investors in Coinbase and he reportedly owns a small stake in the company.
So does Kevin Durant own Coinbase? It’s impossible to say for sure because Coinbase is a private company and Durant’s stake is likely to be relatively small. But given his early investment and his involvement in the tech world, it’s certainly possible that Durant is an owner of Coinbase.