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Southpoint Capital Advisors LP Invests $104 Million in Coinbase Global

Guavy AI Editorial Team
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Southpoint Capital Advisors LP has invested $104.77 million in Coinbase Global, Inc., purchasing 600,000 shares of the cryptocurrency exchange's stock during the first quarter.

The investment represents about 2.2% of Southpoint Capital Advisors' holdings and makes Coinbase Global its 21st largest holding.

Others have also recently increased their stakes in Coinbase Global, including Vanguard Group Inc., which raised its holdings by 0.7% in the fourth quarter.

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