Coinbase Global Inc COIN chairman Brian Armstrong plans to sell 2% of him coin base stocks next year. According to the company statement, Armstrong owns 16% of Coinbase and controls 59.5% of its voting shares.
I’m passionate about accelerating science and technology to help solve some of the world’s toughest challenges. To further this, I plan to sell about 2% of my Coinbase holdings over the next year to fund scientific research and companies like this @newlimit + @Research Center
— Brian Armstrong (@brian_armstrong) October 15, 2022
Speaking about the current cryptocurrency market and the uphill battle it’s facing, Armstrong said he’s stayed awesome bullish on crypto and coinbase and was fully engaged to expand his business.
For the avoidance of doubt, I intend to be CEO of Coinbase for a very long time and I remain super bullish on crypto and Coinbase. I am fully dedicated to growing our company and advancing our mission, but I look forward to contributing in other ways as well.
— Brian Armstrong (@brian_armstrong) October 15, 2022
The companies Armstrong wanted to invest in are ResearchHub and NewLimit. ResearchHub is “a tool for the open publication and discussion of scholarly research.” Researchhub users are rewarded with ResearchCoin (RSC) for publishing, reviewing, critiquing, and collaborating outdoors.
Also read: This Billionaire Says One Factor Makes Bitcoin Gold Superior: Here’s What It Is
NewLimit is an organization that deals with age-related diseases. It is also developing epigenetic reprogramming drugs to treat diseases with significant unmet needs.
Last week, Google partnered with Coinbase to allow customers to pay for cloud services in cryptocurrencies starting early next year.
Earlier this year, Coinbase announced it would launch a non-fungible token (NFT) marketplace. The launch is a highly anticipated event in the cryptocurrency space.
Armstrong had said he expected the company’s NFT business to be on par…
