Coinbase CEO Responds to COIN Sell-off: It’s not possible to have 99.999% of your assets in one stock forever, bulk of net worth still in Coinbase stock

BlockBeats News, January 7th, Coinbase CEO Brian Armstrong responded to user questions about his ongoing sale of COIN stock in a post on X, stating: “I did sell some, but I’ve been building this company for 13 years. Wouldn’t it be crazy if I had 99.999% of my net worth still in a single stock? So it’s a deliberate decision. However, most of my net worth is still in COIN, and I’m very optimistic about the future. At the same time, I have also used some of the proceeds to help start more companies.”