Coinbase CEO: Plans to operate Coinbase for the long term and will still hold the vast majority of the company's shares
On November 3rd, Coinbase CEO Brian Armstrong wrote on X: "For the few of you who follow my latest 10b51 plan, let me give you some background: over time, I will make some diversified investments, including investing in the moon landing plan, but still retain the vast majority of my Coinbase stock holdings. For some reason, the relevant disclosure does not show a price target, only the total number of stocks that could lead to FUD.
For clarity, I've listed about 10% of my holdings in the plan, but most of them have price caps that are much higher than COIN's current price. I don't think most of the stocks will execute next year (unless we perform much better than expected). Coinbase is my priority. We're just getting started, and I plan to run it for the long term. "