Coinbase (COIN) Stock Falls 13% as Armstrong and Execs Plan $2.2B Sale
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TLDR Coinbase (COIN) stock fell 13% to $139.64 after Q3 results, with revenue down 35% to $1.22 billion. CEO Brian Armstrong, Fred Ehrsam and Emilie Choi filed plans to sell up to 13.6 million shares worth about $2.2 billion. Armstrong’s plan covers 8.17 million shares, with sales possible from November 16, 2026. Net income was $719 million, but $715 million came from unrealized crypto gains. Coinbase bought 643 BTC in Q3 and now holds 17,954 BTC. Coinbase (COIN) stock fell 13% to $139.64 after the company posted weaker third-quarter results . The stock had closed at $160.59 on October 29, the price used to value the planned insider sales. Coinbase Global, Inc., COIN Revenue dropped 35% from a year earlier to about $1.22 billion.
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