💼📉 Coinbase CEO cashed out approximately 550 million USD in one year, accounting for about 5% of his holdings

📅 February 12

According to data compiled by weRate founder @QuintenFrancois:

🔹 Coinbase co-founder and CEO Brian Armstrong

🔹 Sold COIN stock over the past year

🔹 The cash-out scale is approximately 550 million USD

🔹 Accounts for about 5% of his total shareholding

📊 What does this mean?

First, look at the ratio:

👉 Only sold about 5% of the holdings

👉 Still holds over 95% of the shares

From a structural perspective:

📌 More like a "regular executive reduction"

📌 Rather than a large-scale retreat sale

For founder-level shareholders,

annual staggered reductions for asset diversification is common behavior.

🧠 How does the market usually interpret this?

👀 Two voices:

1️⃣ Cautious faction viewpoint

Signal of high-level reduction?

Is there a prediction of industry volatility?

Is there conservatism regarding the market outlook?

2️⃣ Rational faction viewpoint

CEO's personal wealth is highly tied to the company

Moderate cashing out for asset allocation is normal

A 5% ratio does not constitute a change in control

The key is:

📉 Whether there will be sustained large-scale sales

📈 Whether it will affect the company's fundamentals

Currently, it leans more towards "liquidity management" rather than "fundamental shift."

🏦 Background supplement

Coinbase is currently:

🪙 The largest compliant cryptocurrency exchange in the United States

📈 Highly correlated with BTC and ETF capital inflows

🏛️ Also one of the core beneficiaries of U.S. regulatory policy games

Its stock price fluctuations are often related to:

BTC trends

Spot ETF funds

U.S. regulatory dynamics

Industry bull and bear cycles

Strongly correlated.

🔥 In summary:

Selling 5%,

does not mean bearish on 100%.

Founder's reduction is a signal,

but what truly determines the trend,

still relies on cycles and fundamentals. $BTC $ETH #美国众议院终止特朗普加拿大关税 #美国零售数据逊预期