Coinbase co-founder Fred Ehrsam increased his stake in Coinbase by $48.8 million this week

ChainCatcher news, according to Blockworks, Coinbase co-founder Fred Ehrsam has increased his stake in Coinbase (COIN) stock worth $48.8 million this week.

It is reported that he acquired 810,000 shares of Coinbase stock in several transactions on Tuesday and Wednesday. The purchase price ranged from $59.30 to $63.20 per share.

Additionally, Fred Ehrsam is also a co-founder and managing partner of Paradigm. According to filing documents, Ehrsam currently holds 5.6 million shares of Coinbase (COIN) stock indirectly through three entities: Paradigm One LP, The Frederick Ernest Ehrsam III Living Trust, and Paradigm Fund LP. (source link)