PANews reported on January 7 that Coinbase CEO Brian Armstrong stated that concentrating almost all of his net assets in a single stock after 13 years is "irrational." He has partially reduced his holdings to reduce concentration and used some of the proceeds to start more companies. At the same time, he still holds the vast majority of his net assets in Coinbase (COIN) stock and maintains his long-term view on the company.
Coinbase CEO: The vast majority of his personal net worth remains in Coinbase stock.
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