#Roommates, the legendary Nas is starting off the first half of 2021 on a serious winning streak, as he won his first Grammy last month and now he is set to rack up a multi-million-dollar payday from a very smart investment. According to recent reports, Nas could make up to $200 million on his return investment following popular finance/tech company Coinbase finally going public.
@Forbes reports, Nas has been quietly making moves within the technology and finance world for several years now—and one of his earliest investments is set to give him a major return. Nas’ investment firm, Queensbridge Venture Partners, invested in Coinbase back in 2013 with an initial amount between $100,000 and $500,000. At the time, Coinbase was valued at just $150 million—which is now less than 1% of what’s it currently worth, following company going public on NASDAQ earlier this week.
Nas’ current stake in the company is estimated at $40 million—however after the Coinbase cryptocurrency exchange was valued at $99.6 billion after it went public, its valuation reached over $100 billion in a matter of minutes, meaning that Nas’ payday could reach anywhere from $34.76 million to $218.5 million on his return investment.
Just before Coinbase started trading publicly, Nas tweeted “Long crypto forever…. in sickness & in health.” Back in 2013 when he initially invested in the company, cryptocurrency was a very foreign concept that offered a significant financial risk, but lucky for Nas, he trusted his instincts to the tune of millions.
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