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Coinbase, MicroStrategy execs dump stock as Bitcoin buoys share prices

Coinbase co-founder Fred Ehrsam has now sold more company stock than chief exec Brian Armstrong and prominent investor Marc Andreessen.

MicroStrategy execs dump $175M stock after 8-year hiatus, thanks Bitcoin!

We mapped 10 years worth of stock sales at the hands of MicroStrategy executives. Nearly two-thirds of all dumps happened in the past year.

Here’s what we learned from the Q2 earnings of Tesla, MicroStrategy, and Square — which together hold billions of dollars in Bitcoin.

Argonaut chief Barry Norris said he believes the recent crypto rallies are “unsustainable,” so he’s shorting Bitcoin stocks like Coinbase.

MicroStrategy’s Bitcoin stash makes up 80% of its market value, having spent over $2 billion on BTC since August.