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Jan 3, 2025
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Coinbase and MicroStrategy Executives Among Top Stock Sellers in 2024

2 min

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.

*Totals may include sales by entities of which they are a beneficial owner

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:

  1. Amazon: $13.5 billion
  2. Walmart: $4.84 billion
  3. Palantir: $4.14 billion
  4. Meta: $2.72 billion
  5. Nvidia: $2 billion
  6. Salesforce: $1.27 billion
  7. Coinbase: $1.25 billion
  8. Oracle: $842 million
  9. Apollo: $630.6 million
  10. Intuit: $593.9 million
  11. MicroStrategy: $567.8 million
  12. Netflix: $528.3 million

For the current year, MicroStrategy may surpass Coinbase if Saylor’s bitcoin strategy proves effective.