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Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop - TL;DR CNBC

Coinbase CEO Brian Armstrong is more than $2 billion richer after post-election stock pop

Publishing timestamp: 2024-11-06 21:11:43


Summary

Coinbase shares soared 31% after Election Day as pro-crypto candidates won, making CEO Brian Armstrong a big winner. The company's efforts to support crypto-friendly candidates paid off, with Armstrong's holdings increasing by over $2 billion. The election results were seen as a huge win for the crypto industry, with Bitcoin also jumping over 9.5%. Armstrong and Coinbase are actively involved in politics to create a more favorable regulatory environment for the industry.


Sentiment: POSITIVE

Tickers: BTC.CM=COIN

Keywords: donald trumpbreaking news: technology jr.businesstechnologybitcoin/usd coin metricspoliticssocial mediabreaking news: politicscoinbase global incelectionsbusiness news

Source: https://www.cnbc.com/2024/11/06/coinbase-ceo-brian-armstrong-2-billion-richer-on-election-stock-pop.html


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