Home Coinbase Coinbase Chief Executive Armstrong sold $291.8 million in shares on opening day

Coinbase Chief Executive Armstrong sold $291.8 million in shares on opening day

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April 18 (Reuters) – Coinbase Chief Government Brian Armstrong offered about $292 million in shares in complete through the cryptocurrency change’s first day of buying and selling on the Nasdaq prior to now week, in response to regulatory filings.

Armstrong offered 749,999 shares in three batches at costs starting from $381 to $410.40 per share for complete proceeds of $291.8 million, the filings made with the U.S. Securities and Alternate Fee confirmed.

Blockchain and cryptocurrency web site Coindesk reported over the weekend that Coinbase stakeholders and buyers offered about $5 billion in shares in complete throughout first day of buying and selling.

Coinbase World Inc went public in a high-profile debut on the Nasdaq that briefly valued it at greater than $100 billion. (Reporting by Kanishka Singh in Bengaluru; Enhancing by Tom Hogue)


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