Express
Coinbase CEO Brian Armstrong Owns Close to $14 Billion of Company Stock Heading into Its Direct Listing
Summary: Brian Armstrong, Coinbase’s co-founder and CEO owns 39.6 million shares of the company heading into its direct listing. Based on an average private market price this year of $343.58, his stake is worth $13.6 billion, as reported by CNBC. Most of Armstrong’s wealth appreciation has come in the past year or so as the value ...
Brian Armstrong, Coinbase’s co-founder and CEO owns 39.6 million shares of the company heading into its direct listing. Based on an average private market price this year of $343.58, his stake is worth $13.6 billion, as reported by CNBC.
Most of Armstrong’s wealth appreciation has come in the past year or so as the value of Coinbase’s stock in private trades jumped more than 10-fold. The company gets most of its revenue from the trading and storage of bitcoin, which has soared more than 700% in the past year, and ethereum, which is up well over 1,000%.
By Amy Liu
Tags: Brian Armstrong,Coinbase,Direct Listing,Stock
Link: Coinbase CEO Brian Armstrong Owns Close to $14 Billion of Company Stock Heading into Its Direct Listing [Copy]
