Intel has disclosed that it owns approximately $800,000 worth of stock in the Bitcoin trading platform called Coinbase. In April, the company was listed on the New York Stock Exchange as a straight listing. This week, Intel announced record Q2 earnings and plans to raise $ billion in new funding from investors.

By investing in Coinbase, a renowned cryptocurrency exchange, Intel has taken a small bet on the future of the cryptocurrency industry. The chip-making behemoth is a significant provider of semiconductors for PCs, cellphones, and tablets.

Intel has bought shares worth $787,000 in the cryptocurrency COIN. The shares were acquired before the end of June, according to a report from the company’s parent company, Intel. Based on the current price of $261.25 a share, the shares are worth roughly $787k.

Intel’s stake in the crypto exchange is so little (by corporate standards) that it’s considerably below the 5% threshold that would require it to disclose if it went public. According to Barron, Intel may have purchased the shares before the direct listing of the company’s stake in the exchange began in April. Intel made a billion investment in the company’s research and development center in San Diego, California. The company has more than $100 million in total investments. Intel is a public company with more than 100 million shares.

Intel’s investment in the Bitcoin exchange looks to be a bet on the market’s long-term viability. The exchange’s stock price plunged drastically below the original $250 reference price after Bitcoin and other prominent coins crashed in mid-May.

The stock price of Coinbase has climbed in lockstep with the recent spike in the BTC (bitcoin) industry. On July 19, it hit a low of just over $220 per share, but as of today’s close, it’s worth nearly 19 percent more. The exchange’s value hit a record high of $430 on Thursday but remains below its opening-day high of over $500.

ARK Invest has been the single largest institutional owner of shares in the exchange since it went public. The company is valued at more than $1.3 billion, according to its website. It holds more than 5.6 million shares in Coinbase, which was founded by former Facebook and Twitter employees.

After the business reported record profitability for the second quarter, Coinbase’s stock momentarily soared beyond $290 per share this week. The company’s monthly transactional users (MTU) surged by 44% from Q1 to Q2, to 8.8 million, and it now has 68 million verified users.