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Coinbase CEO sells about $437 million of stock after U.S. election

Coinbase CEO Brian Armstrong had invested about $74 million in the pro-crypto political action committee Fairshake, and in a series of preset trades that began less than a week after Trump's election, Armstrong sold $100 million worth of Coinbase stock and subsequently sold about $437 million worth of stock, which appreciated by $129 million compared to before the election. He explained the plan on X a few days before the election, saying he was diversifying "into moonshots" but would keep his "...

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2024-12-30 14:34:25
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