• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, June 20, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Top Officials from Coinbase sell $1 Billion since it’s IPO!

by Nishant K
May 28, 2022
in Crypto, Crypto Exchanges
Reading Time: 2 mins read
0
Coinbase executives sell shares.

Picture Credits: MetaCrunch

TwitterWhatsappLinkedin

Coinbase goes public!

Let’s looks at tweet below.

You might also like

Financial Leap by X: In App Trading and Digital Wallet Propel Musk’s Super App Dream

Crypto’s Final Frontier: Binance’s CZ Champions “Will Function” for Digital Assets After Death

Crypto’s Youngest Tycoon? How Barron Trump May Have Earned $40 Million from His Father’s World Liberty Financial

Today is a big milestone for Coinbase and an even bigger milestone for crypto. Thank you to our employees and customers for getting us here. Together, we can build the cryptoeconomy and create economic freedom for all. Join us for today’s events at https://t.co/kki68arv3O $COIN pic.twitter.com/Bvcu9R0otq

— Coinbase (@coinbase) April 14, 2021

Coinbase, a cryptocurrency exchange happens to be one of the largest players and most renowned name in the crypto market. It would be right to acknowledge the fact that Coinbase has had an instrumental role in taking the cryptocurrencies to the next level and revolutionized the whole community of cryptocurrency. In an interesting development, as mentioned in the tweet, we can see that Coinbase has made its first Initial Public Offering.

 

Let’s see what role does Coinbase actually play in Crypto?

Considering an example, let us assume you are interested in purchasing a bitcoin. Factually you have two options to get bitcoins. Either you deploy sophisticated computer and mine the bitcoins solving complex math problems, or you buy it on an exchange. It is easy for anyone to guess that the first option is generally not viable. So, all we are left with is the option of buying it in an exchange. In such a scenario Coinbase comes into the picture. It helps the investor to trade between different crypto currency all across the globe without complexities.

 

Coinbase executives sell their shares.

Coinbase executives sell shares.
Picture Credits: Forbes

When a firm goes public, the executives and internal management who own a significant number of shares sell their stock. In the case of Coinbase, nothing unexpected happened. Since the firm went public, four top executives have sold $1 billion worth of Coin stock. At the time of selling, the shares were priced between $189 and $422.

The following is a breakdown of the value of the shares sold by the officials:

  1. Brian Armstrong sold $292 million worth of shares.
  2. Emilie Choi afterwards sold $226 million worth of stock.
  3. Surojith Chatterjee exercised options for $9.7 million and sold the shares for $226 million.
  4. On behalf of Paradigm One LP, a crypto investment firm Fred Ehrsam co-founded, he sold roughly $0.5 million and brought back $75 million in coins.

 

Loss in Value of shares.

Since the IPO, there has been a loss of value in the shares. The shares which roughly started trading at $381 reduced to $73 this year in April. There was an 80% drop in the value of shares. The crypto market implosion added salt to injury by dropping the values of the shares even more. After certain attempts to revive the market by various factors, the shares might see an upward trend if and only if the market is able to revive back to normalcy.

Tags: #brianarmstrong#Crypto#cryptoexchange#CryptoMarketCoinbasecryptocurrency
Tweet54SendShare15
Previous Post

How to unlock donkey Kong in Mario party

Next Post

LFP batteries offering cheaper option for lower range EVs

Nishant K

Recommended For You

Financial Leap by X: In App Trading and Digital Wallet Propel Musk’s Super App Dream

by Anindya Paul
June 20, 2025
0
X

Elon Musk’s ambition to transform X (formerly Twitter) into an “everything app” edges closer to reality. According to CEO Linda Yaccarino, the platform will soon offer in app...

Read more

Crypto’s Final Frontier: Binance’s CZ Champions “Will Function” for Digital Assets After Death

by Anindya Paul
June 19, 2025
0
CZ

As the digital asset landscape matures, estate planning in crypto has emerged as one of its final, least-discussed frontiers. Binance founder Changpeng “CZ” Zhao is tackling this head-on,...

Read more

Crypto’s Youngest Tycoon? How Barron Trump May Have Earned $40 Million from His Father’s World Liberty Financial

by Anindya Paul
June 19, 2025
0
Barron Trump

At just 19, Barron Trump — the youngest son of former President Donald Trump — may have pocketed nearly $40 million from the family’s crypto initiative, World Liberty...

Read more
Next Post
LFP batteries offer cheaper alternative with less range

LFP batteries offering cheaper option for lower range EVs

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?