People watch as the logo of Coinbase Global Inc, the largest US cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron in Times Square in New York, US, April 14, 2021. REUTERS / Shannon Stapleton
Brian Armstrong, Coinbase’s Chief Executive (COIN.O), sold a total of approximately $ 292 million worth of stock during the cryptocurrency exchange’s first day of trading on the Nasdaq in the past week, according to regulatory documents.
Armstrong sold 749,999 shares in three batches at prices ranging from $ 381 to $ 410.40 per share for total proceeds of $ 291.8 million, filings with the US Securities and Exchange Commission showed.
Blockchain and cryptocurrency website Coindesk reported last weekend that Coinbase’s stakeholders and investors sold a total of approximately $ 5 billion worth of stock during its first day of trading.
Coinbase Global Inc went public with a high-profile debut on the Nasdaq that briefly valued it at over $ 100 billion. read more
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