People are watching the logo for Coinbase Global Inc, the largest US cryptocurrency exchange, appear on the Nasdaq MarketSite jumbotron on April 14, 2021 in Times Square in New York, USA. REUTERS / Shannon Stapleton
Coinbase (COIN.O) CEO Brian Armstrong sold a total of about $ 292 million in shares during the first trading day of the cryptocurrency exchange on the Nasdaq last week, according to the regulatory documents.
Armstrong sold 749,999 shares in three groups at prices ranging from $ 381 to $ 410.40 per share for a total return of $ 291.8 million, the documentation from the U.S. Securities and Exchange Commission showed.
Blockchain and cryptocurrency website Coindesk reported over the weekend that Coinbase stakeholders and investors sold a total of $ 5 billion in shares during the first day of trading.
Coinbase Global Inc made a sensational debut on the Nasdaq, briefly valuing it at more than $ 100 billion. read more
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