{"id":11529,"date":"2023-04-17T11:34:53","date_gmt":"2023-04-17T11:34:53","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=11529"},"modified":"2023-04-17T11:34:54","modified_gmt":"2023-04-17T11:34:54","slug":"coinbase-ceo-brian-armstrong-offloaded-1-8m-worth-of-stocks-in-april","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11529","title":{"rendered":"Coinbase CEO Brian Armstrong offloaded $1.8M worth of stocks in April"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Coinbase CEO Brian Armstrong sold $1.8 million worth of the company\u2019s stocks in April, according to Dataroma data.<\/p>\n<p>According to the data, Armstrong sold a total of 29,730 Coinbase shares \u2014 which add up to $1,860,444 in value \u2014 in six transactions on April 12.<\/p>\n<p>Source: Dataroma<\/p>\n<p>The recent sales continue the CEO&#8217;s previous dumping of the company&#8217;s stock. <em>CryptoSlate<\/em> reported that Armstrong sold 89,196 Coinbase shares for $5.8 million in March \u2014 almost half of these sales were made \u00a024 hours before the U.S. SEC issued a warning to the exchange.<\/p>\n<p>At the time, several members of the crypto community had raised issues about the timing of the sales \u2014 with some speculating that Armstrong was dumping on the public.<\/p>\n<p>Before then, Armstrong had consistently sold Coinbase shares since November 2022, when he announced that he would fund scientific research and development through two startups \u2014 NewLimit and Research Hub.<\/p>\n<p>At the time, Armstrong pledged to sell 2% of his stake at the crypto firm.<\/p>\n<p>Meanwhile, Armstrong is not the only Coinbase executive selling the company&#8217;s stocks. The exchange&#8217;s chief legal officer Grewal Paul sold over $300,00 worth of the company stocks in March, according to Dataroma data.<\/p>\n<h2>Coinbase stocks on the ascendancy<\/h2>\n<p>Coinbase&#8217;s COIN stock is one of the best-performing crypto stocks in 2023. For context, the stock is up 17% in the past week and over 12% in the last month.<\/p>\n<p>Source: Tradingview<\/p>\n<p>The exchange&#8217;s stock has risen by roughly 92% on the years-to-date-metrics, according to Tradingview data.<\/p>\n<p>The stock performance has coincided with Bitcoin&#8217;s (BTC) return to above $30,000 and a renewed interest in digital assets among investors.<\/p>\n<p>The post Coinbase CEO Brian Armstrong offloaded $1.8M worth of stocks in April appeared first on CryptoSlate.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/coinbase-ceo-brian-armstrong-has-dumped-1-8m-worth-of-stocks-in-april\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase CEO Brian Armstrong sold $1.8 million worth of the company\u2019s stocks in April, according to Dataroma data. According to the data, Armstrong sold a total of 29,730 Coinbase shares \u2014 which add up to $1,860,444 in value \u2014 in six transactions on April 12. Source: Dataroma The recent sales continue the CEO&#8217;s previous dumping [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-11529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11529"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11529\/revisions"}],"predecessor-version":[{"id":11531,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11529\/revisions\/11531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11530"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}