Editorial staff Happy Coin News It has emerged that Coinbase CEO Brian Armstrong was selling the exchange’s shares while it was suffering losses.
According to its financial report, Coinbase’s revenue fell 21,5% to $1,78 billion in the fourth quarter of 2025, leaving the company with a $667 million deficit. However, for the year, the company’s revenue increased 9% to $7,2 billion, while its profit amounted to $1,26 billion.
Published statistics show that Armstrong has been selling stocks on the stock exchange almost every week since mid-April, and in the fourth quarter, when the company was losing money, he sold 260,000 shares worth $36,7 million at the current price. Over the entire past year, Armstrong sold $1,3 million in assets, now worth $186,2 million.
Armstrong’s sale of Coinbase shares
The cryptocurrency bear market has hit Armstrong hard, and he was removed from the list of the 500 richest Americans. His net worth is estimated at $7,5 billion, down 58% from last summer.
Coinbase’s negative financial results for the final quarter of 2025 predictably negatively impacted the company’s stock price, which fell 7,9% in the last 24 hours. The downward trend in the exchange’s asset market began in July of last year, approximately a month before the bearish trend in Ethereum and many other altcoins began. Since then, the company’s shares have lost 70% of their value, reaching their lowest level since February 2024 on February 12.