Coinbase Executives File Plans to Sell Up to 13.6 Million COIN Shares Worth $2.2B

HIGHLIGHTS Coinbase executives filed plans to sell up to 13.6 million COIN shares worth $2.2 billion, led by Brian Armstrong. Coinbase's Q3 revenue fell 35% to $1.22 billion, while net income reached $719 million, driven by crypto gains. Coinbase added 643 BTC in Q3, bringing its Bitcoin holdings to 17,954 BTC worth approximately $1.5 billion. Coinbase executives have filed plans for possible sales of 13.6 million COIN shares worth about $2.2 billion. The disclosure came alongside weaker quarterly trading revenue and new Bitcoin purchases.