Reputable cryptocurrency company Coinbase, headquartered in the United States, has recently experienced significant stock sales by its top executives. This development occurs against the backdrop of the company’s ongoing struggles, such as regulatory scrutiny and a stagnant trading volume on the cryptocurrency market, which have hampered its growth prospects. Detailed information concerning the stock sales made by the exchange executives has been disclosed through filings submitted to the U.S. Securities and Exchange Commission. The most recent Form 4 filing submitted to the SEC shows the stock sales executed by key individuals at Coinbase, namely Chief Legal Officer Paul Grewal, and CEO Brian Armstrong. Related Reading: SEC Sues Binance, Coinbase Then BlackRock Files For Bitcoin Spot ETF; Is This An Inside Job? Stock Sales By Coinbase Executives According to Coinbase’s SEC filings, in March, Armstrong and Grewal sold approximately $7 million worth of Coinbase (COIN) stocks. More recently, Armstrong sold shares exceeding $5.8 million in value this week, followed by an additional sale of shares worth $2.6 million on May 25. It is worth noting that Armstrong has not ..
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