An investment Nas made nearly 10 years ago could be bringing him millions of dollars now. According to a report from Yahoo! Finance on April 12, a number of people—including Nas —who made early investments in Coinbase, a cryptocurrency exchange platform, will be seeing a sizable return in their investment as Coinbase was officially listed on Nasdaq and is now able to be publicly traded.
“Coinbase was a big one. That was one of the ones I was real proud of,” Nas confirmed during an interview with The Breakfast Club in August of 2020 that Coinbase was one of his first investments.
Long crypto forever…. in sickness & in health
— Nasir Jones (@Nas) April 14, 2021
In 2013, Nas’ investment firm, QueensBridge Venture Partners, got involved in Coinbase’s Series B round. At that time, the exchange platform was valued at around $143 million. And now, Coinbase is the largest cryptocurrency exchange in the United States. QueensBridge Venture Partners reportedly dropped a large investment in the Coinbase Series B to the sum of $100,000 and $500,000. CoinDesk broke down purchase and reports that at the time, the share price was $1.00676 and that QueensBridge owns between 99,329 to 496,642 shares. When that’s turned into dollars, the company could roughly own between $34.76 million and $173.8 million in Coinbase in less than 8 years following its investment.