Coinbase CEO sells approximately $437 million worth of stocks after US election

According to Foresight News, Coinbase CEO Brian Armstrong invested approximately $74 million in the pro crypto political action committee Fairshake. In a series of preset trades that began less than a week after Trump's election, Armstrong sold $100 million worth of Coinbase stock and subsequently sold a total of approximately $437 million worth of stock, which increased by $129 million compared to before the election. He explained the plan on X a few days before the election, stating that he is diversifying his "investment in the moon landing program" but will retain his "vast majority" of shares.