Coinbase CEO to Take Crypto Exchange Public After Bringing Bitcoin to Masses – THIS IS NOT AN IPO
This was a direct listing, the stock for sale had to come from existing stock holders.
As trading starts Wednesday in the company’s shares, Brian Armstrong works to make bitcoin as easy as email. This was a direct listing.
In that case there are no additional shares being created. Makes more sense w/ that context. We would have to see how many shares are available to them through options to get a better idea of their exposure being liquidated.
It’s a direct listing with no raise, there literally wouldn’t be shares on the market if none of them sold.
Insiders and directors sold _____ of their total collective holdings.
Check out their unexcercised options.
Every employee got 100 shares worth 25,000.00
The Coinbase $COIN executive team has thus far sold this amount of their shares:
– CEO, Brian Armstrong, 71%
– President & COO, Emilie Choi, 63%
– CFO, Alesia J Haas, 100%
– CPO, Surojit Chatterjee, 97%
– CAO, Jennifer N. Jones, 86%
Now track when/if/who buys back.
Ark Invest adds another $110 million worth of shares in $COIN to their positions.
https://cointelegraph.com/news/cathie-woods-ark-buys-a-further-110m-worth-of-coinbase-shares
Woke: Satoshi hodling 1M btc forever. There is no alternative to bitcoin.
The most expensive apartment in the United Kingdom has gone on sale for $241 Million, and owner will accept #bitcoin
Blackstone Hires Joe Dowling as Global Co-Head of Blackstone Alternative Asset Management (BAAM)
April 16, 2021 Joe Dowling Cohead of alternative hedge funds of @blackstone and former CEO of @BrownUniversity investment company : “ We bought bitcoin and hold it at @coinbase in fact we like the company so much we also bought the stock” #bitcoinconference
- Bitcoin is the only asset where you can walk across the border with 1 billion dollars… you can’t do this with gold. – Head of Blackstone Alternate Asset
Then ….. you do not actually travel through with 1 billion, but with the keys that give you access to 1 billion.