Coinbase CEO Brian Armstrong plans to sell about 2% of his holdings in the company over the next year to fund scientific research. He is “passionate about accelerating science and tech to help solve some of the biggest challenges in the world.”
For the avoidance of doubt, he intends to be the CEO of Coinbase for a very long time and remains super bullish on crypto and Coinbase. According to Forbes, Armstrong holds about 19% of Coinbase’s shares, putting his holdings at around $2.7 billion. This would make his scientific donations worth around $54 million.
He tweets, “ I’m fully dedicated to growing our business and advancing our mission, but I am also excited to contribute in a different way.”
Also Read: Coinbase CEO Brian Armstrong Announces Crypto Documentary “COIN”
