COIN

April

Tornado Cash

<ul>
 <li>Brian Armstrong reportedly received $4.92 million for Thursday’s sale of 23,075 shares.</li>
 <li>The CEO still owns a large amount of Coinbase shares, even after recent transactions.</li>
</ul>
<a href="https://thenewscrypto.com/coinbase-subpoena-for-sec-chairs-emails-faces-judicial-pushback/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> CEO Brian Armstrong recently cut down on his holdings in the cryptocurrency exchange, according to reports. On Thursday, July 12, Armstrong sold off approximately $5 million worth of COIN shares. The recent decline in COIN stock price may have been accelerated by the dump.
<a href="https://thenewscrypto.com/coinbase-ceo-brian-armstrong-to-sell-2-stake-next-year/" target="_blank" rel="noopener noreferrer nofollow">Brian Armstrong</a> reportedly received $4.92 million for Thursday’s sale of 23,075 shares of Coinbase stock, as detailed in a recent filing with the US <a href="http://sec.gov" target="_blank" rel="noopener noreferrer nofollow">SEC</a>.
The sale has had a major effect on the stock price of the firm, with COIN shares falling sharply following the deal. On the selling day, COIN shares finished at $214.63, down 2.25 percent from the previous closing.
It seemed like the market was negatively affected by the news of Armstrong selling his shares, which added to the slide. But on Friday, July 12, the <a href="https://www.marketwatch.com/investing/stock/coin" target="_blank" rel="noopener noreferrer nofollow">COIN</a> stock had begun to show indications of improvement. The stock reached $220.36, an increase of 2.67% at the time of writing.
<h3 class="wp-block-heading" id="h-ongoing-unloading">Ongoing Unloading</h3>
Armstrong still owns a large amount of Coinbase shares, even after recent transactions. But recently, the CEO’s holdings in COIN have been dwindling because of the ongoing unloading. For Armstrong, this is not the first instance of selling Coinbase shares in the last several months. Reportedly, he sold $5.3 million worth of COIN shares in early June.
Furthermore, in April of this year, Armstrong sold $5.9 million worth of COIN shares. Since going public in April 2021, Coinbase’s stock price has gone on a roller coaster ride. The insider trading scandal has also had a significant effect on Coinbase’s stock price.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/dutch-court-denies-release-of-tornado-cash-developer-amidst-legal-battle/" target="_blank" rel="noopener noreferrer nofollow">Dutch Court Denies Release of Tornado Cash Developer Amidst Legal Battle</a>

Coinbase CEO Brian Armstrong Reportedly Sells $5 Million in COIN Shares

Table of Contents

TheNewsCrypto

Other articles published on Jul 12, 2024

Politician Pepe (POLPEPE) Memecoin Buyer Secures Over 400% Profit, But Waits For 18,000% Rally

Cryptos That Will Soar Despite Market Turbulence: Here’s Why!

New Solana Memecoin Trump the Felon (TRUMPFEL) Surges 13,000% and Will Rally Another 18,000% Befo...

Ethereum ETFs Could Propel ETH Prices to Record Highs by Q4

Bipartisan bill seeks to combat AI Deepfake misuse with watermarking and provenance

Token Unlocks Affect Crypto Prices

Join our free newsletter for daily crypto updates!