You are currently viewing March Madness: Duke’s Coinbase Investment Worth $500M

Happy Friday, Blockfolians

The Lede

Here’s an interesting story (especially given college basketball fever). A source with insider knowledge said that Duke’s endowment was an investor in one of Coinbase’s early rounds, thanks to founder Fred Ehrsam being an alumnus. They estimate that Duke put in ~$5m and probably will 100x their money.

You never know where your next half million dollar pupil is going to come from, eh?

Meanwhile, given Robinhood’s plan to IPO this year as well, it’s clear that the public market-crypto game is just getting hotter and hotter.

Subscribe now

Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.

Highly Relevant Reading

  • The UK Tax authority is publishing new crypto guidance next week

  • Dragonfly Capital has launched a new $225m fund

  • The Kentucky governor has signed recently passed crypto mining incentives legislation into law

  • The head of South Korea’s Central Bank says CBDCs will reduce demand for Bitcoin

Community Commentary

A really fun discussion
Options expiry shaping the markets?

A Really Big Number We Should Be Paying Attention To


That’s the size of Chainalysis’ latest round. The company is now valued over $2B.

Final Thought

It really do be like that though