Investment
firm
Tiger
Global
Management
sold
its
stake
in
crypto
exchange
Coinbase
(COIN)
late
last
year,
according
to
a
Wednesday
regulatory
filing.
Tiger
Global’s
13F
filing
with
the
U.S.
Securities
and
Exchange
Commission
showed
that
it
held
no
Coinbase
shares
as
of
Dec.
31.
Three
months
earlier,
it
had
38,850
shares
worth
$2.9
million
at
the
time,
according
to
a
previous
filing.
The
sales
followed
a
more
than
400%
rally
in
Coinbase
(COIN)
shares
as
crypto
emerged
from
a
deep
bear
market.
Tiger
Global
was
a
key
investor
in
Coinbase
before
its
public
listing,
leading
the
exchange’s
$300
million
series
E
funding
round
in
October
2018.