Brian Armstrong sold more stock in 12 months than Coinbase’s Q1 loss
Coinbase CEO Brian Armstrong personally sold more stock over the past year than his company lost on behalf of its COIN shareholders last quarter. Although he took a break from his sales in Q1, he entered the quarter with more personal compensation than his company would lose in three months. The company lost $394 million for its shareholders during the first quarter of 2026. Armstrong, between May 2025 and January 2026, personally sold over $540 million worth of COIN. Coinbase reported a $394 million net loss on $1.4 billion in revenue compared to a profit of $66 million in Q1 2025 during the brief exuberance over Donald Trumps pro-crypto policies. Net transaction revenue, the engine of the business, fell 40% from Q1 2025 to less than $756 million. Coinbase also marked the start of the Consensus conference in Miami by slashing its workforce by 14%, firing about 700 employees on the first day of the mega-event. The companys stock closed yesterday down roughly 57% from its July 18, 2025 high of $444.64. The stock was trading another 4% lower in after-hours trading on its earnings disappointment. Brian Armstrong takes a break from dumping COIN Armstrongs sales are filed with the SEC under his name or the name