Top managers of Coinbase sold shares of the exchange for $32.8 million after the SEC lawsuit


Since submission SEC lawsuit against Coinbase On June 6, top managers of the crypto exchange sold shares of the company in the amount of $32.84 million. Over the past three months, their purchases have not been registered, according to DataRoma.

In particular, platform CEO Brian Armstrong earned $21.17 million in 43 transactions.

The aggregator data also includes activity from Coinbase board member Gokul Rajaram, general counsel Paul Grewal, HR director Lawrence Brock, and chief accountant Jennifer Jones.

Since the filing of the SEC lawsuit, the platform’s capitalization has grown by 58.4%. Since the beginning of the year, shares have risen in price by 131.1%.

Nasdaq Coinbase stock daily chart. Data: Finviz.

On August 29, Coinbase stock reacted up 14% to Grayscale’s victory over the SEC.

The decision increases the likelihood of approval of Bitcoin ETF launch applications that feature Coinbase as a partner in joint oversight agreements.

Recall that the head of ARK Invest, Katie Wood, and Matrixport analysts predicted a positive decision on several proposals at once.

Found a mistake in the text? Select it and press CTRL+ENTER

ForkLog Newsletters: Keep your finger on the pulse of the bitcoin industry!

Leave a Reply