Coinbase insiders dump nearly $5 billion in COIN stock shortly after listing
Cointelegraph
Published Apr 17, 2021 01:31PM ET
Updated Apr 17, 2021 03:20PM ET
Insider activity reports for Coinbase’s COIN stock indicate that multiple early investors and executives dumped billions in equity shortly after COIN’s direct listing, with at least one C-suite director cashing out their stake in the cryptocurrency exchange entirely.
Data from Capital Market Laboratories and confirmed by filings on Coinbase’s Investor Relations website shows a total of 12,965,079 shares sold by insiders, worth over $4.6 billion at COIN’s $344.38 per share Friday close.
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Written By: Cointelegraph
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