People see Coinbase Global Inc., the largest cryptocurrency exchange in the United States, on the Nasdaq MarketSite at the Times Square in New York City, April 14, 2021. REUTERS / Shannon Stapleton
Coinbase CEO (COIN.O) Brian Armstrong sold a total of about $ 292 million worth of shares on the first day of trading on the Nasdaq last week, according to regulatory documents.
Armstrong sold 749,999 shares in three lots at prices between $ 381 and $ 410.40 per share for a total revenue of $ 291.8 million, according to documents made to the US Securities and Exchange Commission.
Blockchain and cryptocurrency site Coindesk reported over the weekend that Coinbase stakeholders and investors sold a total of about $ 5 billion in shares on the first day of trading.
Coinbase Global Inc. went public in a high-profile debut on the Nasdaq, which was valued at over $ 100 billion. Read more
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