Intel Corporation first significant bitcoin investment

Intel Business is a global corporation and technology firm based in Silicon Valley in Santa Clara, California. It is the world’s biggest semiconductor chip maker in terms of sales and the creator of the x86 microprocessor family.

Given Intel’s market capitalization of $216 billion, the acquisition may seem insignificant. Nonetheless, it is the tech giant’s first significant bitcoin investment.

According to Barron’s, Intel was required to disclose the shares since it holds more than $100 million in publicly listed assets.

In 2018, a commonly utilized computer chip maker was also granted a patent for a processor that allows for energy-efficient Bitcoin mining.

Before that, Intel partnered with PokitDok, a software development platform, to use blockchain technology.

In 2017, the Santa Clara-based firm teamed up with Ledger, a French hardware wallet manufacturer, to create a new method for securely storing bitcoin.