Coinbase and MicroStrategy Rank Among Leading Insider Sellers
The post Coinbase and MicroStrategy Rank Among Leading Insider Sellers appeared on BitcoinEthereumNews.com.
Coinbase and MicroStrategy insiders sold $1.25 billion and $567.8 million in shares, respectively, during a bullish crypto market in 2024. Insider sales contrasted with stock surges—Coinbase rose 43%, and MicroStrategy soared 358.5%, sparking debates on transparency and market impact. Executives at Coinbase and MicroStrategy emerged as major insider sellers in the U.S. market last year, capturing significant attention. As the broader market experienced a surge, crypto industry insiders sold considerable shares. The Securities and Exchange Commission (SEC) filings revealed that 500 insiders collectively sold shares valued at $36.9 billion in 2024, with prominent activity from crypto sector leaders. Source: Openinsider Brian Armstrong, the CEO of Coinbase, ranked among the top eight sellers by offloading $636 million in COIN shares. Key executives Fred Ehrsam and Emilie Choi contributed to Coinbase’s total insider sales reaching $1.25 billion, placing the company seventh among U.S. firms in insider sales volume. Michael Saylor, founder of MicroStrategy and a prominent Bitcoin advocate, followed closely by selling $410.8 million worth of MSTR shares, earning the 13th spot. In total, MicroStrategy insiders sold shares amounting to $567.8 million, positioning the company 11th nationwide. Coinbase & MicroStrategy Soar — But Insiders Cash Out The insider sales coincided with a bullish crypto market that drove Coinbase and MicroStrategy stocks to outperform much of the S&P 500. Coinbase, riding the wave of Bitcoin’s price momentum, posted over 43% annual growth. Starting 2024 at $173.02, COIN closed the year at $248.30, with additional gains of nearly 6% already recorded this year. MicroStrategy fared even better. Its stock surged by 358.5% in 2024, largely driven by its increasing Bitcoin holdings and the firm’s correlation with the digital asset. MSTR’s meteoric rise was fueled by the company’s commitment to its “21/21 plan,” an ambitious strategy aimed at aggressive Bitcoin acquisitions. While both companies enjoyed…
Filed under: News - @ January 6, 2025 3:22 pm