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

Coinbase executives filed plans to sell up to 13.6 million COIN shares worth about $2.2 billion. The disclosure came alongside weaker quarterly trading revenue and new Bitcoin purchases. Brian Armstrong accounts for most of the planned sales, with plans adopted by Fred Ehrsam and Emilie Choi, per a Friday SEC filing.