Key facts
- Coinbase executives plan to sell up to 13.6 million COIN shares, valued at approximately $2.2 billion.
- Brian Armstrong plans to sell up to 8.17 million shares starting November 16, 2026.
- Coinbase's quarterly trading revenue declined 35% year-over-year to $1.22 billion.
- The company purchased 17,954 Bitcoins by the end of the quarter, adding 643 in the latest period.
- Coinbase reported $715 million in gains from cryptocurrency investments.
Coinbase executives have filed plans for the potential sale of up to 13.6 million shares of the company's stock, valued at approximately $2.2 billion. The disclosures were made in an SEC filing on Friday, alongside reports of weaker quarterly trading revenue and new Bitcoin purchases by the cryptocurrency exchange. CEO Brian Armstrong, along with Fred Ehrsam and Emilie Choi, have adopted trading plans under Rule 10b5-1 arrangements. Armstrong's plan allows for sales of up to 8.17 million shares beginning in November 2026, while Ehrsam and Choi have trading windows extending through 2027 for their respective planned sales. In parallel, Coinbase reported a 35% year-over-year decline in revenue to $1.22 billion, with transaction revenue falling to $590 million. The company also announced it had purchased 643 Bitcoins for $1.5 billion during the quarter, increasing its total holdings to 17,954 BTC.