Bitcoin
BTC$24 129.38

4.39%

Ethereum
ETH$1 804.53

5.98%

Tether
USDT$1.000145

0%

USD Coin
USDC$0.999924

0%

Binance Coin
BNB$331.99

4.39%

XRP
XRP$0.382330

2.12%

Coinbase CEO Sold $291.8M in Shares on Opening Day


19 Apr 2021

#Bitcoin

Coinbase insiders and early investors sold about $5 billion in shares in total during the leading cryptocurrency exchange’s first day of trading on the Nasdaq earlier this week, according to series of filings made Friday with the U.S. Securities and Exchange Commission (SEC). CEO Brian Armstrong sold 749,999 shares in three batches at prices ranging from $381 to $410.40 per for total proceeds of $291.8 million, according to one filing. While a Coinbase representative declined to comment due to the company being in a so-called “quiet period,” based on filings made before the listing, it would indicate Armstrong sold about 1.5% of his stake.

In another SEC filing, it was disclosed that Coinbase director and venture capitalist Fred Wilson sold 4.70 million shares for proceeds of $1.82 billion. While it’s not clear how much of Coinbase Wilson still holds, he’s listed on the filing as a holder of at least 10% of the shares of Coinbase, which has a market cap of $63.6 billion.

Union Square Ventures, the VC firm led by Wilson, sold $4.70 million shares from its 2012 fund for proceeds of $1.82 billion, according to another filing. The fund is also listed as a 10% owner of Coinbase shares. Together, the sales by Wilson and his firm’s fund accounted for more than two-thirds of the $5 billion worth of shares sold.


Related

Bitcoin's bullish stability
Bitcoin's bullish stability
Bitcoin remains in ascending corridor
Bitcoin remains in ascending corridor
Bitcoin retreats from the upper boundary of an uptrend channel
Bitcoin retreats from the upper boundary of an uptrend channel
Musk has clipped the wings of Bitcoin
Musk has clipped the wings of Bitcoin
Crypto's full swing recovery
Crypto's full swing recovery
Blockchain projects are pulling the crypto market up
Blockchain projects are pulling the crypto market up
Bitcoin dipped into a flat
Bitcoin dipped into a flat
Bitcoin benefiting from gains in equities
Bitcoin benefiting from gains in equities
Cryptocurrencies rise after equities
Cryptocurrencies rise after equities

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76% 40 $24 129.38 4.39% 4.16% $461 254 701 638 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 65.6% 74 $1 804.53 5.98% 8.69% $219 936 602 750 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000145 0% -0.01% $66 486 165 109 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $0.999924 0% 0.01% $54 212 170 056 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 68% 61 $331.99 4.39% 16.48% $53 562 837 067 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 79.6% 40 $0.382330 2.12% 1.69% $18 483 019 171 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 73.2% 52 $0.543298 4.60% 6.44% $18 337 708 125 ADA 7 days price change
8 Binance USD (BUSD) BUSD Binance USD predictions 95.2% 1 $1.000576 0.04% 0.21% $17 888 223 823 BUSD 7 days price change
9 Solana (SOL) SOL Solana predictions 74.8% 44 $43.21 6.94% 2.89% $15 048 127 510 SOL 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 69.2% 58 $9.31 8.45% 10.51% $10 288 809 309 DOT 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 HEX (HEX) HEX HEX predictions 70% 62 $0.054472 8.20% 10.77% $9 446 016 831 HEX 7 days price change
13 Dogecoin (DOGE) DOGE Dogecoin predictions 82.8% 27 $0.071055 2.78% 4.16% $9 426 956 868 DOGE 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 68% 69 $30.28 10.86% 30.10% $8 614 953 421 AVAX 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 64.8% 77 $0.946930 3.64% 4.99% $7 608 398 583 MATIC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.