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
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