As of December 2018, Coinbase CEO Brian Armstrong owns 8.3% of Coinbase.
That stake is worth an estimated $941 million based on Coinbase’s current valuation of $11.3 billion.
Armstrong’s 8.3% stake makes him the second largest shareholder in Coinbase after co-founder and CTO Fred Ehrsam, who owns 9.9% of the company.
Armstrong’s stake is also significantly larger than the next largest shareholder, Andreessen Horowitz, which owns 7.1% of Coinbase.
NOTE: This article is intended for informational purposes only and should not be taken as financial advice. It is important to research any information you find on the internet carefully before making any financial decisions based on it. You should always consult a qualified financial advisor before investing in cryptocurrencies or other products. Additionally, it is important to understand that Brian Armstrong’s ownership stake in Coinbase is subject to change and may not necessarily reflect his current ownership level.
Coinbase has been one of the most successful cryptocurrency startUPS, with a valuation that has grown from $1.6 billion in August 2017 to $8 billion in January 2018 and then to $11.
3 billion as of December 2018. Armstrong’s stake in Coinbase has therefore grown substantially in value over the past year and a half.
What makes Armstrong’s stake in Coinbase particularly notable is that he is not a co-founder of the company; he joined as CEO in 2012 after Ehrsam and co-founder Ben Horowitz had already launched the company. This means that Armstrong’s 8.
3% stake is entirely attributable to his role as CEO and his performance in growing the company.
In conclusion, Brian Armstrong owns 8.3% of Coinbase, which is worth an estimated $941 million as of December 2018.
10 Related Question Answers Found
According to Forbes, Brian Armstrong owns Coinbase. Coinbase is a digital asset exchange company headquartered in San Francisco, California. Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase allows users to buy and sell Bitcoin, Ethereum, and Litecoin.
In 2012, Brian Armstrong was working as a software engineer at Airbnb when he realized that the sharing economy had a big problem: there was no easy way to pay for things using Bitcoin. At the time, Bitcoin was mostly used by tech-savvy libertarians who were interested in its potential as a way to opt out of the traditional financial system. Armstrong saw that Bitcoin could do more than just provide an alternative to fiat currency; it could also provide a way for people to transact without having to go through a bank.
Brian had been interested in Bitcoin for a while and had done some research on it. However, he was not sure how to get started with buying or selling Bitcoin. A friend of his recommended Coinbase and Brian decided to check it out.
Fred Ehrsam is the co-founder of Coinbase, a digital asset exchange company headquartered in San Francisco, California. He is also a former trading desk analyst at Goldman Sachs. As of May 2018, Forbes estimated his net worth to be $1.1 billion.
As of late 2017, Coinbase was the most well funded bitcoin startup with $106 million in venture capital from investors including Andreesen Horowitz, Union Square Ventures, and Ribbit Capital. In May of 2017, Coinbase closed a $100 million Series D funding round led by IVP. The round also included participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32, and Draper Associates.
As of December 2018, Coinbase had over $20 billion worth of digital assets in custody. This is an increase from the $11.7 billion they reported in September of 2018. The majority of these assets are in Bitcoin, followed by Ethereum.
As of May 2019, Coinbase is said to have over 13 million registered users and is available in 32 countries. Based on those numbers, it is estimated that Coinbase makes around $520 million in revenue per year. However, it is important to note that these are just estimates, as the company has not released its exact financial figures.
NKN is a global network of public chains with an innovative consensus algorithm that enables secure and decentralized data transmission. NKN’s native token, NKN, is used to pay for network resources and services. NKN’s vision is to build the new internet infrastructure for the decentralized world.
It’s been a long time coming, but Coinbase is finally going public. The leading US-based cryptocurrency exchange announced its plans to go public via a direct listing on the NAsdaq on Thursday, April 14. This move makes Coinbase the first major cryptocurrency company to go public in the US.
The short answer is yes, Coinbase does support Gyen. Gyen is a Japanese cryptocurrency, and Coinbase is one of the most popular cryptocurrency exchanges. You can buy, sell, and store Gyen on Coinbase.
