Pam-Pam!Coinbase CEO Liquidated $ 291.8 Million Shares After Listing on Nasdaq

📣 Coinbase CEO Brian Armstrong's holdings are currently estimated at $ 7 billion.

Coinbase's investors and internal employees liquidated a total of about $ 5 billion in shares on the first trading day of Coinbase on Nasdaq earlier this week, according to SEC records.

Coinbase CEO Brian Armstrong sold 749,999 shares in three rounds for $ 381 - $ 410.40 per share, for a total of $ 291.8 million.


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When asked about this issue, a Coinbase representative declined to comment because the company was in what was called the "quiet period".

In addition, Coinbase and venture capital director Frederick Wilson sold 4.7 million shares with revenue of $ 1.82 billion.

It is unclear how much of Coinbase's shares are still held by Frederick Wilson.
Several other institutions also liquidated Coinbase shares, such as Union Square Ventures 2012 Fund LP, also sold 4.7 million shares with revenues of $ 1.82 billion. This fund is also listed as the owner of a 10% stake in Coinbase.

Finally, software engineer and venture capitalist Marc Andreessen, currently the director of Coinbase and owns more than 10% of the stock, along with his company Andreessen Horowitz and two joint ventures. The result sold a total of 1.18 million Coinbase shares for $ 449.2 million.

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