Coinbase and MicroStrategy Executives Among Top Stock Sellers in 2024
Disrupting money and finance is significant, as evidenced by SEC filings revealing substantial earnings in the crypto sector.
Analysis of 2024 insider stock sales from major S&P 500 companies, including Apple, Nvidia, and Amazon, shows about 500 insiders reported selling a total of $36.9 billion in company stock. Notably, Jeff Bezos accounted for over one-third of this, with $13.4 billion in sales.
Meta's Mark Zuckerberg sold $2.5 billion, followed by Palantir co-founders Alexander Karp and Peter Thiel, who sold $1.9 billion and $1.5 billion respectively. Four crypto executives ranked among the top 25: Brian Armstrong of Coinbase at eighth with $636 million and Michael Saylor of MicroStrategy at thirteenth with $410.8 million.
Coinbase co-founder Fred Ehrsam placed 22nd with $203.8 million, including COIN shares sold by his trust and fund Paradigm. Emilie Choi, Coinbase’s COO, followed with $186.4 million, surpassing JPMorgan's Jamie Dimon by $3.4 million and exceeding the combined sales of Apple and Alphabet CEOs Tim Cook and Sundar Pichai by $22.6 million.
Overall, Coinbase ranked seventh for insider selling last year, with total sales of $1.25 billion:
- Amazon: $13.5 billion
- Walmart: $4.84 billion
- Palantir: $4.14 billion
- Meta: $2.72 billion
- Nvidia: $2 billion
- Salesforce: $1.27 billion
- Coinbase: $1.25 billion
- Oracle: $842 million
- Apollo: $630.6 million
- Intuit: $593.9 million
- MicroStrategy: $567.8 million
- Netflix: $528.3 million
For the current year, MicroStrategy may surpass Coinbase if Saylor’s bitcoin strategy proves effective.