In a twisty turn of events, it seems like the big cat known as Tiger Global has pounced out of its stake in the popular cryptocurrency exchange, Coinbase. The feline investor sold a significant chunk of its shares – a hefty 38,850 shares, to be exact – during the last quarter of the year. This move has left many scratching their heads as they wonder what could have triggered such a sudden departure from the crypto den.
For those who are not familiar with Tiger Global, this wildcat of an investment firm is known to prowl around the market, making bold moves in the world of tech and finance. So, when news broke that they had shed their Coinbase shares, it definitely raised some eyebrows.
The timing of this exit is particularly intriguing, as it occurred during a period when the value of cryptocurrencies was facing some volatility. Could Tiger Global have sensed trouble on the horizon and decided to gracefully bow out? Or was there another reason behind this feline maneuver?
Only time will tell what prompted Tiger Global to sell its Coinbase stake, but one thing is for sure – the crypto market is always full of surprises, and this latest move is yet another reminder of how quickly things can change in the land of digital assets.
