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Coinbase CEO’s COIN stock holdings increased in value by nearly $2 billion since November 5
Editor
2024-12-25 03:32 883
Golden Finance reported that Brian Armstrong, CEO of cryptocurrency exchange Coinbase, sold company shares for several weeks after Donald Trump was elected president and pro-cryptocurrency lawmakers won, cashing out a total of approximately $437 million. The shares he sold were up $129 million from their pre-election valuations as optimism flooded the market following the election results. According to the latest SEC filing, Brian Armstrong still holds more than 10% of Coinbase shares, and the approximately 24 million shares in his trust fund are worth approximately $6.4 billion, an increase of nearly $2 billion from November 5.
Keywords: Bitcoin
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