Goliaths of Finance Stake Their Claim in Coinbase: BlackRock, Vanguard & Goldman Sachs
• Institutional investors hold 47.89% of Coinbase stock, followed by retail investors (34.11%) and insider investors (18%).
• The top five shareholders are led by Marc Andreessen, who holds a 6.32% ownership stake in Coinbase.
• Since its listing on the Nasdaq Stock Exchange in April 2021, Coinbase’s share price has declined 78%.
This article provides an overview of the major shareholders of Coinbase Global (COIN), the world’s second-largest cryptocurrency exchange by trading volume, which was listed on the Nasdaq Stock Exchange in April 2021. As of October 7th, institutional investors held 47.89%, followed by retail investors (34.11%) and insiders (18%). The top five shareholders are led by Marc Andreessen, with a 6.32% ownership stake in Coinbase. Since its listing on the Nasdaq Stock Exchange in April 2021, Coinbase’s share price has declined 78%.
Institutional investors possess the largest share of Coinbase stock, amounting to 107.83 million shares or 47.89% of the company’s total shares. This shows their confidence in Coinbase’s potential as a major platform for stock investments related to cryptocurrencies without direct coin or token purchases being necessary.
Retail investors own 76.8 million shares, representing 34.11% of the stock value demonstrating increasing interest among public traders towards cryptocurrencies as investment opportunities despite recent bearish market conditions impacting prices across all digital assets significantly including COIN shares which have dropped 78%.
Insiders such as founders and key executives possess 40.5 million shares constituting 18% of total outstanding share capital indicating their commitment towards success as well as belief that better times are yet to come for this leading crypto exchange powerhouse .
Lead Investor – Marc Andreessen
The group is led by US technology entrepreneur and investor – Marc Andreessen whose stake amounts to 6 .32 % which makes him single largest shareholder , his remarkable track record and experience with co-founding Netscape along with successful investments stands out from crowd lending credibility to his position thus making him star attraction among shareholders .