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Q2 2021 is when it was listed, and when insiders bagged $3.9B. Compare that with the scale of $82M or $47M. After Q3 2021, crypto started crashing and so did CO
by polygamous_bat 4y ago
Q2 2021 is when it was listed, and when insiders bagged $3.9B. Compare that with the scale of $82M or $47M. After Q3 2021, crypto started crashing and so did COIN stock, so I imagine insiders who knew what's up and wanted to dump got out already.
- dahdum 4y agoThey were sitting on large illiquid unrealized gains until the IPO. I can't imagine that's strange behavior in companies going public. Some funds will sell into the IPO as a rule in order to redeploy capital to other early stage investments. For early employees and founders who could have had up to 99% of their wealth tied up in Coinbase stock, some diversification is hardly odd.