Coinbase CEO Brian Armstrong has announced that he will sell 2% of his shares in the cryptocurrency company to fund scientific research in 2023.
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In his Twitter posts, Armstrong said that “I am passionate about accelerating science and technology to solve some of the world’s biggest challenges. That’s why I plan to sell my 2% stake in Coinbase over the next year to fund scientific research,” he noted, among other things.
Armstrong made it clear that he intends to be CEO of Coinbase for a long time to come, emphasizing that he remains bullish on the company and crypto.
He owns 16% of all of Coinbase, Bloomberg reported.
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