The asset management company VanEck, which strongly embraces Web3, partnered with the Non-Fungible Token project Pudgy Penguins to take the Nasdaq stage yesterday (23rd), officially ringing the opening bell. As the first symbolic ceremony featuring a Web3 native IP at Nasdaq, it further symbolizes the determination of its Web3 leader to build a bridge between traditional capital markets and the digital asset ecosystem.
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ToggleRinging the Nasdaq Opening Bell: VanEck and Pudgy Penguins Take the Stage Together
The "Opening Bell" has always been an important platform for companies to showcase their market position and vision. On June 23rd, VanEck, together with its beloved Non-Fungible Token project Pudgy Penguins, took the stage at the Nasdaq New York headquarters, unveiling the prelude to the day's trading.
This opening bell ceremony, led by the VanEck Web3 team, not only pushed Web3 native brands into the mainstream view but also symbolized VanEck's clear stance on digital asset investments.
The crypto community widely shared this ceremony on X, excited about Pudgy Penguins' milestone achievement, with CEO Luca Netz writing: "Pudgy Penguins is the ambassador of cryptocurrency."
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According to the Bloomberg Billionaires Index, Jensen Huang is the 12th richest person globally, with a fortune of $126 billion, almost entirely composed of NVIDIA stock. According to the index, the CEO has sold over $1.9 billion in NVIDIA stocks.
Jensen Huang's pre-arranged trading plan is common among billionaires and executives who want to cash out some stocks without alarming investors. The plan allows him to sell 6 million shares by the end of the year. His Chief Financial Officer Colette M. Kress and Director A. Brooke Seawell are expected to sell 500,000 and 1.15 million shares respectively.
Expected to Cash Out Over $800 Million This Year, Still the Largest Individual Shareholder of NVIDIA
Based on Monday's NVDA closing price of $144.17, Huang is set to cash out $865 million this year. Another document filed on Monday shows he plans to sell an additional 50,000 shares in the near future.
Although Huang's stock sales seem substantial, he still holds a large number of shares, remaining the largest individual shareholder. The stock sales appear to be for personal financial needs and are unrelated to the company's prospects.
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