Executive Stock Sales Reach New Heights in 2024: Insider Transactions Spark Market Concerns
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Crypto Executives Sell Big: Coinbase and MicroStrategy Lead Insider Stock Sales in 2024
According to a recent report, cryptocurrency executives were among the largest insider stock sellers in 2024. The staggering figures have raised concerns within the industry about the future stability of the market.
As reported by SEC filings, Coinbase CEO Brian Armstrong sold an astonishing $636 million worth of shares, placing him eighth on the list of top sellers. This massive sale has sparked intense speculation and worry among cryptocurrency traders and enthusiasts.
Following closely behind is MicroStrategy’s Michael Saylor, who also made significant stock sales totaling a staggering $410.8 million. This monumental transaction positioned him at an impressive 13th spot on the list.
In other notable insider sales, Coinbase co-founder Fred Ehrsam sold $203.8 million in shares and COO Emilie Choi, another Coinbase executive, cashed out with $186.4 million.
These transactions have collectively placed Coinbase seventh overall for insider selling, surpassing major firms like Oracle and Intuit.
Source: coinpedia.org
