Top Coinbase Executives Dump Stocks Worth $1.2 Billion Since Its Listing: What You Need to Know

Executives at top crypto exchange Coinbase are reportedly selling off $1.2 billion worth of the company’s shares since its direct listing. The Wall Street Journal has analyzed regulatory recent filings from Coinbase and found that four of the company’s leading executives have earned $1.2 billion. A report on Friday showed that top Coinbase executives sold at least $1.2 billion worth of shares since its IPO.

The Coinbase executives include Co-founders Brian Armstrong and Fred Ehrsam, its President and Chief Operating Officer Emilie Choi, and Chief Product Officer Surojit Chatterjee. Four top Coinbase officials have sold $1 billion worth of COIN shares since the company went public. These individuals, cumulatively, have been actively selling their stock holdings in the open market.

Co-founders Brian Armstrong and Fred Ehrsam, as well as President and Chief Operating Officer Emilie Choi and Chief Product Officer Surojit Chatterjee, are among those who have reportedly reduced their stakes. The motivations behind these sales are currently a subject of speculation in the financial community.