Coinbase CEO Brian Armstrong has announced that he will sell 2% of his shares in the cryptocurrency company to fund scientific research in 2023.
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.