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  • marquisteroberts988


Nas has been making smart investments for some time now. And it seems all his investments are starting to pay off, literally. Wednesday (April 14) proved very lucrative when the Coinbase Series B round went public on the NASDAQ stock exchange with a share price of $381.

In 2013, Nas' "Queensbridge" Venture Partners reportedly invested between $100,000 and $500,000 in Coinbase Series B, which is now recognized as the biggest cryptocurrency exchange in the United States.

According to a report by CoinDesk, when the firm got its stake in Coinbase, the share price was estimated at around $1.00676, and Queensbridge currently has between 99,329 to 496,642 shares. This occurrence means the firm could potentially hold $100 million (roughly estimates the investment to be around $34.76 million and $173.8 million) worth of Coinbase less than eight years later.

The Hip Hop legend and long-time veteran went to Twitter later on Wednesday to bask in his latest financial victory, writing, "Long crypto forever…. in sickness & health. Shout out to @FEhrsam @brian_armstrong @bhorowitz @cdixon #CoinbaseIPO."

Coinbase obtained a $100 billion valuation and recorded the first official union between traditional finance and the alternative crypto world, according to reports from Swissquote senior analyst Ipek Ozkardeskaya.

In addition to his latest financial investments, Nas also supported New York City mayoral candidate Ray McGuire and big names such as Diddy, JAY-Z, and Steve Stoute this week.

"Somewhere along the lines, the ball got dropped," Nas revealed in a video clip. "It's all about a racial divide, but we're the most diverse city in the world. The city's broken, and I haven't heard anybody saying anything about it. Everything he's saying is everything I want to hear."