Jane Street Group Discloses Coinbase Stake as of Dec 31, 2023

TL;DR

**Jane Street Group holds a significant stake in Coinbase, signaling institutional confidence.**

AI Summary

Jane Street Group, LLC, a Delaware-based financial firm, filed an amended SC 13G on February 9, 2024, disclosing its beneficial ownership of Coinbase Global Inc. (COIN) common stock as of December 31, 2023. This filing indicates that Jane Street Group, through its various entities like Jane Street Capital, LLC, holds a significant stake in Coinbase, a major cryptocurrency exchange. This matters to investors because large institutional holdings can signal confidence in the company's future, potentially influencing stock price and market sentiment.

Why It Matters

This filing reveals a major institutional investor's position in Coinbase, which can impact market perception and potentially influence other investors' decisions regarding the stock.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of an institutional holding and does not indicate any immediate negative or positive risk to the company.

Analyst Insight

A smart investor would note Jane Street Group's continued interest in Coinbase as a potential positive signal, but would conduct further due diligence on Coinbase's fundamentals and market conditions before making any investment decisions.

Key Players & Entities

• Jane Street Group, LLC (company) — the reporting person and beneficial owner
• Coinbase Global, Inc. (company) — the issuer of the securities
• Jane Street Capital, LLC (company) — a group member of Jane Street Group, LLC
• Jane Street Global Trading, LLC (company) — a group member of Jane Street Group, LLC
• Jane Street Options, LLC (company) — a group member of Jane Street Group, LLC
• Delaware (company) — state of organization for Jane Street Group, LLC

Forward-Looking Statements

• Other institutional investors may increase their positions in Coinbase, following Jane Street Group's disclosed stake. (Coinbase Global, Inc.) — medium confidence, target: Q2 2024

FAQ

From the Filing

0001595888-24-000003.txt : 20240209 0001595888-24-000003.hdr.sgml : 20240209 20240209162525 ACCESSION NUMBER: 0001595888-24-000003 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 GROUP MEMBERS: JANE STREET CAPITAL, LLC GROUP MEMBERS: JANE STREET GLOBAL TRADING, LLC GROUP MEMBERS: JANE STREET OPTIONS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Coinbase Global, Inc. CENTRAL INDEX KEY: 0001679788 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 464707224 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-93503 FILM NUMBER: 24615407 BUSINESS ADDRESS: STREET 1: C/O CORPORATION SERVICE COMPANY STREET 2: 251 LITTLE FALLS DRIVE CITY: WILMINGTON STATE: DE ZIP: 19808 BUSINESS PHONE: 3026365401 MAIL ADDRESS: STREET 1: C/O CORPORATION SERVICE COMPANY STREET 2: 251 LITTLE FALLS DRIVE CITY: WILMINGTON STATE: DE ZIP: 19808 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JANE STREET GROUP, LLC CENTRAL INDEX KEY: 0001595888 ORGANIZATION NAME: IRS NUMBER: 901010033 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 250 VESEY STREET STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10281 BUSINESS PHONE: 212-651-6069 MAIL ADDRESS: STREET 1: 250 VESEY STREET STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10281 SC 13G 1 COIN.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) Coinbase Global Inc -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 19260Q107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (1)Names of reporting persons. Jane Street Group, LLC (2) Check the appropriate box if a member of a group (a) [ ] (b) [ ] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 0 (6) Shared voting power 10,250,255 (7) Sole dispositive power 0 (8) Shared dispositive power 10,250,255 (9) Aggregate amount beneficially owned by each reporting person 10,250,255 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.3% (12) Type of reporting person HC ----------------------------------------------------------------------- (1)Names of reporting persons. Jane Street Capital, LLC (2) Check the appropriate box if a member of a group (a) [ ] (b) [ ] (3) SEC use only (4) Citizenship or place of organization Delware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 0 (6) Shared voting power 266,341 (7) Sole dispositive power 0 (8) Shared dispositive power 266,341 (9) Aggregate amount beneficially owned by each reporting person 10,250,255 (10) Check if the aggregate amount in Row (9) excludes certain share