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Disrupting money and finance is big business. And the work is good.
Look no further than the Securities and Exchange Commission (SEC) filings to see how much money is being made on the front lines of the cryptocurrency revolution.
I spent the morning compiling the 2024 insider stock sales of the top 60 or so companies in the S&P 500 (plus a few other notable figures) and comparing them to Coinbase and MicroStrategy.
Of those companies — ranging from Apple and Nvidia to Costco and Walmart, to Palantir and Morgan Stanley — about 500 insiders, executives, investors and other major shareholders reported selling a total of $36.9 billion in company stock.
Amazon CEO Jeff Bezos was responsible for more than a third of that total ($13.4 billion).
Meta chief Mark Zuckerberg followed with $2.5 billion, and Palantir founders Alexander Karp and Peter Thiel respectively received $1.9 billion and $1.5 billion, either directly or through trusts and funds in their names.
However, four cryptocurrency executives found themselves in the top 25: Coinbase CEO Brian Armstrong In eighth place with $636 million is MicroStrategy alpha Bull Michael Saylor It came in thirteenth place with $410.8 million.
Co-founder of Coinbase Farid Ahrasam He ranked 22nd with $203.8 million, a figure that includes COIN shares sold through his trust, as well as through his Paradigm fund.
After Ehrsam, came Emily Choi, Chief Operating Officer at Coinbase join The company was acquired by LinkedIn in 2018 for $186.4 million.
That's $3.4 million more than JPMorgan Chairman Jamie Dimon, and $22.6 million more than Apple and Alphabet CEOs Tim Cook and Sundar Pichai. total.
All of these sales helped put Coinbase in seventh place overall in terms of insider sales last year (for the companies analyzed, at least).
- Amazon: $13.5 billion.
- Walmart: $4.84 billion.
- Palantir: $4.14 billion.
- Meta: $2.72 billion.
- Nvidia: $2 billion.
- Salesforce: $1.27 billion.
- Currency base: $1.25 billion.
- Oracle: $842 million.
- Apollo: $630.6 million.
- Intuit: $593.9 million.
- MicroStrategy: $567.8 million.
- Netflix: $528.3 million.
As for this year, I'm looking forward to MicroStrategy upending Coinbase - if Saylor's Bitcoin plan really comes to fruition.
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