Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: Sophie Robert on July 10, 2023, 03:37:28 PM
-
Senior executives at Coinbase, including CEO Brian Armstrong, have made a surprising move, selling their shares in the company. Even with the stock value soaring by 50% over the last month, reaching an impressive $78.7 on 7 July, Armstrong and colleagues decided to cash in. 📈💸
In total, 88,058 shares worth $6.9m were sold, raising eyebrows in the cryptocurrency community. This decision comes at a crucial time, as Coinbase is currently facing legal action in the US regarding securities violations. 📚⚖️
It's intriguing to see how the market responds to such moves, especially considering the substantial growth in the past six months, with the value of the shares skyrocketing by 133%. However, amidst this scenario, Cathie Wood's investment company, Ark Invest, has demonstrated faith in Coinbase, holding its 400,000 shares since June. 💪🤝
Do you think it's a wise move by Coinbase executives? Share your insights in the comments below! ⬇️💭
✨ Stay tuned and be informed about the latest Fintech and cryptocurrency updates! ✨