Coinbase top officials made $1.2 billion from COIN shares sale: WSJ
Coinbase, the biggest cryptocurrency exchange in the United States, has seen its COIN shares peak in price in 2021, but since the start of 2022, the situation doesn't seem very well for the exchange as the shares have already dropped by more than 80%. Interestingly, as per a report from Wallet Street Journal, top executives have also sold huge chunks of shares.
Top execs benefit from Coinbase shares sale
Co-founders Brian Armstrong and Fred Ehrsam, as well as President and Chief Operating Officer Emilie Choi and Chief Product Officer Surojit Chatterjee, cumulatively netted an amount of a whopping $1.2 billion from the sale of Coinbase shares as per WSJ. Following the listing of the COIN shares in soring 2021, the shares have dropped more than 80%."They sold the shares at prices ranging from $189 to $422. Coinbase opened at $381 on April 14, 2021, its first day of trading. On Friday, the stock closed at $75.32," revealed WSJ.This year, investors have dumped stocks and cryptocurrencies, considering them risky assets. As noted by WSJ, some analysts expect company executives to sell stock in or after an initial public offering or IPO, having staked their assets in the company for a long time.
"These Coinbase executives maintain large positions in the company, reflecting their commitment to our long-term opportunities," a Coinbase spokesman said.
Individual Sales
According to WSJ, Armstrong and his living trust sold shares for $292 million, while Choi exercised options at $9.7 million and sold shares worth $226 million. On the other hand, Chatterjee exercised options at the cost of $6 million and sold shares for total proceeds of $110 million. Ehrsam sold shares worth half a billion dollars in the same period, although he later bought $75 million worth of COIN on behalf of the cryptocurrency investment firm he co-founded called Paradigm One L.P. He also bought another $1.8 million worth of stock on behalf of the firm.Continue reading by joining Cryptonary Pro
$1,548 $1,197/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
