Extremely unsurprisingly executives at #Coinbase and #MicroStrategy were some of the biggest overall sellers of stock in any company in any market in 2024.
For all I talk about Chinese money laundering and the other criminal aspects of #crypto the American #NerdReich are really the winners in the cryptoverse. They've figured out a totally legal way to personally make incredible sums of (real) money: look the other way while hundreds of billions of dollars worth of criminal money pumps the prices of cryptocurrencies, which in turn pumps the shares of their companies. Then they sell the shares.
I don't know the details for #MSTR but I know for #Coinbase no executives have bought a single share in the company for many years now. It's just a non-stop torrent of dumping shares of #COIN while the dumping is good.
https://blockworks.co/news/largest-stock-sellers-2024
#Cryptocurrency #bitcoin #michaelSaylor #Saylor #BrianArmstrong #BTC #a16z #TheNerdReich