Coinbase CEO continues to sell Coinbase stock to fund startups

ChainCatcher news, Coinbase CEO Brian Armstrong is fulfilling his promise to sell company stock to fund new ventures. Last October, Armstrong committed to selling 2% of his total holdings in Coinbase next year, with the proceeds going to NewLimit, a longevity company he co-founded, and the tech company Research Hub, among others.

It is reported that at the time of the statement, he held 39.6 million shares of Coinbase stock, representing 18% of the company, with 2% amounting to approximately 792,000 shares. As of now, Armstrong has sold 252,722 shares of Coinbase stock for $13.8 million. (source link)