您现在的位置是:Coinbase execs sell $5 billion worth of shares >>正文
Coinbase execs sell $5 billion worth of shares
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛34741人已围观
简介Coinbase officially listed on the NASDAQ stock exchange last Wednesday, and the company’s exec...
Coinbase officially listed on the NASDAQ stock exchange last Wednesday, and the company’s executives sold nearly $5 billion of their shares in less than a week
Executives at cryptocurrency exchange Coinbase sold nearly $5 billion worth of shares barely a week after the company listed on the NASDAQ stock exchange. Coinbase went public via direct listing, implying that one of the ways new investors can gain access to shares is by older investors selling to them.
Data obtained from Capital Market Laboratories and multiple Securities and Exchange Commission (SEC) filings revealed that Coinbase executives liquidated some of their positions in the company.
Company insiders sold 12,965,079 shares, worth over $4.6 billion at COIN’s $344.38 per share Friday close. CEO Brian Armstrong raised $291 million on the opening day (14 April) after selling 749,999 shares in three batches at prices ranging from $381 to $410.40. According to the SEC filing, this was just 1.5% of Armstrong’s stake in Coinbase, and he still holds over $1 billion.
Other notable transactions include Coinbase CFO Alesia Haas, who sold 255,500 shares for $388.7 per share. The most significant sale came from Coinbase director and venture capitalist Fred Wilson, who sold 4.7 million shares for $1.82 billion. It remains unclear how many shares Wilson still has, but he is listed on Coinbase’s filings as a holder of roughly 10% of the company’s shares. Wilson and his venture capital firm accounted for most of the $5 billion raised over the past week.
Software engineer, venture capitalist, and Coinbase director Marc Andreessen holds more than 10% of the exchange’s shares, both personally and through other corporate entities. Andreessen sold a total of 1.18 million shares for $449.2 million.
Reports surfaced that some of the Coinbase execs liquidated most of their holdings in the company. However, CoinShares’ Meltem Demirors clarified that these rumours are false. She tweeted that “this is making the rounds and is so misleading – details matter! Each of these execs has tons of unvested options that account for the majority of their holdings – in reality, they’ve each sold less than 10% of their total shares.”
Coinbase’s listing on the stock exchange generated a lot of buzz in the cryptocurrency space, and many believe it is a sign that the crypto market is maturing.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/3778.html
相关文章
China to use robots to take care of its aging population
Coinbase execs sell $5 billion worth of sharesBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.What do y...
阅读更多
KEEP Price Sees 127% in Weekly Gains
Coinbase execs sell $5 billion worth of sharesWith both a Binance and Coinbase Pro listing today, KEEP price jumped 18% in the last 24 hours.Keep...
阅读更多
Bittrex Global lists Universal Carbon
Coinbase execs sell $5 billion worth of sharesUPCO2 is tokenised carbon credit which helps fight deforestation in the Amazon, Congo Basin and Indo...
阅读更多
热门文章
最新文章
PayPal to acquire Curv for $500M
ESA tests tiny space instrument to examine the aftermath of DART mission
IOTA price analysis: key resistance is at $1.24
Expert Panel Give Thought On Future Of Crypto
First evidence of rare Higgs Boson decay revealed.
New hyperrealistic game takes you racing on other planets