PLANO, Texas–(BUSINESS WIRE)–Mentor Capital, Inc. (OTCQB: MNTR) announced that it will be participating in the Coinbase IPO today on behalf of Mentor shareholders, and is adding a cryptocurrency and Bitcoin focus for any ongoing excess cash of Mentor. Mentor Capital, Inc. CEO, Chet Billingsley notes, “As Covid-19 drops off, we are rotating out of our efforts in the Covid business segment. Mentor has also exited our small initial portfolio in public vaccine companies and will apply those funds into the Coinbase IPO today.”
Mr. Billingsley adds, “The Coinbase IPO is a significant milestone in the acceptance of Bitcoin and other crypto currencies in the financial world and business community. Some of our board have considerable knowledge in this sector and we did not want to miss this opportunity for our shareholders. Our approach of looking to add direct support to private startup crypto companies and helping them reach and have access to the public markets may reduce the volatility of this still high risk area.”
“Yesterday, the financial news mentioned that only 32 of 40,000 public companies have crypto currencies on their balance sheets. We are happy to increase that number,” he concludes.
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