According to records from the SEC, Coinbase CEO Brian Armstrong sold as many as 250,000 shares of Coinbase stock at the end of February, with a market value of up to $49.8 million. Armstrong had previously stated his intention to sell 2% of the company’s shares to fund enterprises focused on advancing scientific research and extending human lifespan. With Coinbase’s stock price once again reaching the $200 mark, Armstrong can finally start receiving substantial dividends instead of just a base salary this year.
Armstrong sells shares to fund scientific research, Coinbase stock price reaches 200 yuan and finally qualifies for dividends!