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