Brian Armstrong, CEO of Coinbase revealPlans to reduce his stake in the US giant cryptocurrency exchange to support scientific and technological research grants
Armstrong revealed this on Twitter, saying he would sell about 2% of his Coinbase shares, with Armstrong claiming to own 16% of the company.
As announced, Coinbase CEO is looking to fund scientific and technological research. “I am passionate about accelerating science and technology to help solve some of the world’s most challenging problems.”
The Coinbase CEO also clarified that his decision to sell some of his shares does not indicate a desire to step down from the company’s leadership position, with Armstrong saying he intends to stay with Coinbase “for a long time,” adding: “I remain a strong believer in crypto and Coinbase. I do my best to make the business grow and progress in our mission. But I’m excited to be involved in a different way.”
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