Coinbase Global Inc COIN+ Free Alerts executives have sold $331 million worth of Coinbase shares in the last few months, according to recent SEC filings.
What Happened: Data from the U.S. Securities and Exchange Commission revealed that a few executives at the crypto exchange have been on a share-selling spree since November 2021.
Co-founder Fred Ehrsam sold shares worth $31,369,99 and Chief Product Officer Surojit Chatterjee sold shares worth $9,007,797 in December 2021 alone.
Ehrsam’s single largest share sale, however, took place on Nov. 4, 2021, when the co-founder sold $63 million worth of shares.
The crypto exchange made headlines shortly after it went public in April 2021 after numerous executives were observed selling over $4.6 billion worth of shares.https://7815d2d08aa9ac2c7b4f0aa48a9e3005.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Included in this list was Coinbase CEO Brian Armstrong who sold 749,999 of his shares worth over $291 million at the time. Armstrong recently acquired a 19,000-square-foot mansion in Los Angeles worth $133 million in what was reportedly the highest-value home purchase in the area to date.
If you are blindly looking up and trading stocks the way 99% of traders are, you are missing on HUGE potential returns. Even new traders who started following this options trading strategy instantly began seeing returns they wouldn’t have had otherwise. With even two trades per month with this strategy, you will start seeing the difference in your trading account. Don’t waste any more time “guessing” and “getting lucky”. Click Here to See if you Qualify for Benzinga Options!
For today only, we are gifting away our Benzinga Options Starter newsletter for only $7. This includes two heavily researched trades per month from the lead trader, Nic Chahine. For the same cost of a cup of coffee, less than the cost of a Netflix subscription, and less than the average order at McDonald’s You will receive top-tier education and winning trade alerts to maximize your portfolio returns. This also includes a 14 full money-back guarantee if you cancel. There is absolutely no risk!
Credit to@ benzinga
