Nas has been making shrewd investments with his portfolio for some time now. To quote DJ Khaled, “another one” proved to be very lucrative on Wednesday (April 14) when the Coinbase Series B round went public on the NASDAQ stock exchange with a share price of $381.
Back in 2013, Nas’ QueensBridge Venture Partners reportedly invested between $100,000 and $500,000 in Coinbase Series B, which is now the largest cryptocurrency exchange in the United States.
According to an analysis by CoinDesk, at the time the firm got its stake in Coinbase, the share price was $1.00676 and Queensbridge owns between 99,329 to 496,642 shares. This means the firm could potentially own $100 million (rough estimates ballpark the investment to be between $34.76 million and $173.8 million) worth of Coinbase less than eight years later.
The Hip Hop legend took to Twitter later on Wednesday to bask in his latest financial victory, writing, “Long crypto forever…. in sickness & in health. Shout out to @FEhrsam @brian_armstrong @bhorowitz @cdixon #CoinbaseIPO.”
Coinbase received a $100 billion valuation and marks the first official union between traditional finance and the alternative crypto world, according to Swissquote senior analyst Ipek Ozkardeskaya.
JAY-Z, Nas & Diddy Give Their Endorsement For NYC Mayoral Candidate Ray McGuire
In addition to his latest financial venture, Nas also endorsed New York City mayoral candidate Ray McGuire alongside Diddy, JAY-Z and Steve Stoute this week.
“Somewhere along the lines, the ball got dropped,” Nas explained 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.”
Jj Evans get gunned up and clapped quick. From S Carter to Jay z damn you on Jazz dik
Dude has the most haters in rap history. Dude has checked every box: investments, food spots, movies, music, labels, clothing lines, etc. True boss shit yet still people be screaming he’s broke or his music is trash. Its insane smh. People need to wake up and recognize dude is killing it and stop hating. This year alone dude has made major moves. Robinhood ipo later this year so we will be hearing again real soon how he’s getting to the bag.
The trolls were always like Jay-Z stays winning lame Nas is broke.. kkk.. The haters and trolls gonna b salty about this. Salute
Fuck Queensbridge is gonna cry in the car
For all you haters out there for Nas, like PAC said F you! Keep running Nas!!! 2021 belongs to you!!! The True King of NY!!!
As an admitted Nas stan I love to see him making major moves outside of music. When haters speak about him they always bring up finances. As if a $70+ million net worth constitutes “broke”. Big ups to Nas! Keep winning Esco!
It’s over 80m bro in 2021. And they can’t really count at Forbes. Nasir is worth over 300m. And he said so in his latest album. Listen.
Current news is that Nas has made 1.4 billion investment into start ups through his venture capital firm. Nas is quitely killing the game. Homie is super rich.
Nas also invested in Robinhood in 2014 I believe. When they go public in a few months, he getting a big money big.
Crazy how some fools say that Nas was and is broke! Like over 70 million is chump change! Hey Fools, now you really don’t know how much he is worth!!! Complete idiots! Alway want Jay Z to win. Nas is the greatest rapper of all time!
Love Nas! Keep winning Nas!! Let those haters hate with their broke asses!!!