50 Cent Congratulates Kevin Durant’s Massive Coinbase Profit!
On Wednesday it was all the rage to buy Coinbase stock since it’s been said to go 5 – 20x the amount of purchase, but those who bought the IPO way before it went on the market cashed in big time. Read on
Hip Hop mogul 50 Cent took a moment to show some love to Kevin Durant after the basketball star’s Coinbase investment proved particularly lucrative. Read on since 50 Cent Congratulates Kevin Durant…
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CelebnMusic247.com reports that the cryptocurrency business is proving incredibly lucrative, and a new report from Yahoo Sports confirmed that Kevin Durant is the latest investor to score big on the crypto front.
On Wednesday, April 14th, the digital currency exchange Coinbase went public on NASDAQ, with stock prices reaching heights of $328 dollars per share, a number that led to a valuation of $86 billion.
Kevin Durant’s Thirty Five Ventures investment company previously invested in Coinbase, with his projected contribution estimated to be between $250,000 and $1 million range.
Durant’s early faith in Coinbase is looking to be quite well-founded, and the basketball star is currently reaping the benefits of his foresight. Though the exact number of his takeaway remains unclear, Yahoo notes that were he to have invested $250,000 in 2017, his stake would currently be worth $13.5 million.
Recently, Kevin Durant unleashed on Factoid and now he’s in the news for his earning from Coinbase.
Fiddy Congratulates Kevin Durant:
Once, 50 Cent learned about KD’s investment, he took a moment to celebrate Durant’s accomplishment.
Fif found himself moved by Kevin Durant’s business acumen, taking to Instagram to offer a few words of encouragement.
86 what! BILLION, KD up like a mother fucker! I love to see my people win!
It should be noted that Coinbase’s valuation was projected as eighty-six billion, not specific to Durant’s piece of the pie. Either way, the sentiment remains the same.
Other big winners in the Coinbase IPO are Nas and his Queensbridge Venture Partners company.
Nas could be seeing anywhere between $34.76 million and $173.8 million in profits, which is way more than Durrant.
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