Coinbase shares up to 50% since SEC lawsuit
Top Coinbase executives, including CEO Brian Armstrong, sold their shares amid the stock's growth during the month last.
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Although cryptocurrency exchange Coinbase is the subject of a lawsuit for securities violations in the United States, the company's shares have recently risen.
Coinbase stock has added more than 50% to its value since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the company for allegedly offering unregistered securities.
According to data from TradingView, Coinbase shares jumped 51% from around $52 on June 6 to $78.7 on July 7. The stock is also up around 133% in the last six months, while the year-over-year growth is 50%.
Coinbase 30 day price chart. Source: TradingViewAmid significant growth, some major Coinbase shareholders continued to sell some of their shares.
On July 6, a number of senior Coinbase executives, including CEO Brian Armstrong, sold a combined total of 88,058 shares worth approximately $6.9 million.
According to official SEC filings, the transactions included a sale of 4,580 by Coinbase board member Gokul Rajaram, a sale of 1,818 by Chief Legal Officer Paul Grewal, and a sale of 7 335 by Accounting Manager Jennifer Jones.
Previously, Jones also sold 74,375 Coinbase shares on June 29, bringing in $5.2 million.
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Top Coinbase executives, including CEO Brian Armstrong, sold their shares amid the stock's growth during the month last.
News
Join us on social networks
Although cryptocurrency exchange Coinbase is the subject of a lawsuit for securities violations in the United States, the company's shares have recently risen.
Coinbase stock has added more than 50% to its value since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the company for allegedly offering unregistered securities.
According to data from TradingView, Coinbase shares jumped 51% from around $52 on June 6 to $78.7 on July 7. The stock is also up around 133% in the last six months, while the year-over-year growth is 50%.
Coinbase 30 day price chart. Source: TradingViewAmid significant growth, some major Coinbase shareholders continued to sell some of their shares.
On July 6, a number of senior Coinbase executives, including CEO Brian Armstrong, sold a combined total of 88,058 shares worth approximately $6.9 million.
According to official SEC filings, the transactions included a sale of 4,580 by Coinbase board member Gokul Rajaram, a sale of 1,818 by Chief Legal Officer Paul Grewal, and a sale of 7 335 by Accounting Manager Jennifer Jones.
Previously, Jones also sold 74,375 Coinbase shares on June 29, bringing in $5.2 million.
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