Coinbase CEO Brian Armstrong Sells Over 30,000 Shares

A filing with the U.S Securities and Exchange Commission reveals that Coinbase CEO Brian Armstrong sold more than 30,000 Class A Coinbase shares for $1.6 million on Nov. 11.

Armstrong also converted Class B shares into Class A shares.

Coinbase shares were trading over $340 when the company first went public in April 2021 but closed today at $55.53 owning to the malignant crypto winter that bit cryptocurrencies and crypto stocks hard.


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