top of page

Coinbase co-founder doubling down, buys $48.8m of COIN shares

As per a United States Securities and Exchange Commission (SEC) filing, Ehrsam, who also is the managing partner at Paradigm, bought COIN worth $48.8m in a series of trades this week. The acquisition saw Ehrsam secure an additional 810,000 Coinbase shares at prices ranging from $59.30 to $63.20 per share. Having launched its IPO on NASDAQ in April 2021, Coinbase’s stock has experienced significant volatility, sliding around 85% from its opening price of $381 per share. The Coinbase co-founder began his career as a foreign exchange trader at Goldman Sachs before launching Coinbase with Brian Armstrong in 2012.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!


bottom of page