BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Coinbase Stock Pumped 450% Year to Date and Here is Why

by BlockNews.com Team
December 28, 2023
in BREAKING NEWS, CRYPTO, INVESTING
Reading Time: 2 mins read
A A
2
SHARES
32
VIEWS
Share on XShare in TelegramShare on Reddit
  • Coinbase insiders, including co-founder Fred Ehrsam III, sold over $120 million in COIN shares in December as the stock reached a new yearly high.
  • CEO Brian Armstrong and other executives also participated in insider selling amid COIN’s 480% price increase year-to-date.
  • Cathie Wood’s Ark Invest sold nearly 150,000 COIN shares worth $24 million in December to rebalance holdings as the stock surged.

BREAKING: Coinbase $COIN is up 450% year to date

Bitcoin $BTC is up 155% year to date pic.twitter.com/oz1utss1HZ

— BlockNews.com (@blocknewsdotcom) December 28, 2023

Coinbase insiders seem to be disposing of COIN shares this December, with co-founder Fred Ehrsam III appearing as the most active seller. The selling comes as Coinbase’s stock reaches a new yearly high.

Major Insider Selling Activity

Coinbase insiders sold over $120 million in shares in December, according to data from Insider Alerts. Co-founder Fred Ehrsam III led the selling, disposing of over 450,000 shares. Coinbase CPO Lawrence J Brock sold 104,767 COIN shares for $18.3 million in one transaction. CEO Brian Armstrong was the third most active seller, offloading 146,150 shares for $21.6 million. Other executives also participated, including CFO Alesia J Haas and COO Choi Emilie.

COIN Price Reaches New Highs

Despite reaching $18.52, a 480% increase year-to-date, COIN remains below its all-time high of $342.9 from November 2021.

Ark Invest Cashes in on Coinbase Shares

Cathie Wood’s Ark Invest sold additional Coinbase shares as the stock reached new highs this month. Ark Invest offloaded 149,780 COIN shares worth $24.2 million from two funds. The sales come as part of Ark’s strategy to rebalance holdings amid the surge in COIN price.

Continuous Profits

The recent insider selling could be a profit-taking strategy, despite growing confidence around a potential Bitcoin ETF approval by January 2024. While anticipation may boost crypto stock prices further, insiders seem keen to capitalize on the current highs.

Tags: COINCoinbaseInvesting
Tweet1ShareShare
Previous Post

Web3 Companies Lose $1.8 Billion to Hacks in 2023, Report Reveals

Next Post

Cathie Wood Dumps her Grayscale Bitcoin Trust Shares in Strategic Move

DON'T MISS THESE! HOT OFF THE PRESS

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Load More

Related News

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.