Coinbase CEO, Early Investors Sold Approximately $5 Billion in Stock on Opening Day - BeInCrypto

in hive-116221 •  4 years ago 

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Coinbase had a fairly good performance after its direct listing, settling at over 30% from its reference price of $250. The direct listing coincided with a rise in Bitcoin's price, though the stock itself has remained stable. It's selling at the price of $344 at the time of publishing.

Armstrong himself sold about $291.8 million in shares. The information is publicly available on the US SEC website.


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