Coinbase Inc. Reveals $60,000 Lobbying Expenditure and Insider Trading Insights

Coinbase Inc. recently disclosed a lobbying expenditure of $60,000 for Q4 of 2024, highlighting its continued engagement with regulatory issues.

Focus Areas of Lobbying Efforts

The company’s lobbying efforts addressed several key topics, including:

• Tax treatment of digital assets.
• Legislation and regulation regarding the storage and trading of digital assets.

For more detailed corporate lobbying data, Quiver Quantitative provides comprehensive resources.

Insider Trading Patterns at Coinbase

In the past six months, Coinbase insiders have completed 508 trades involving $COIN stock, all of which were sales, as no purchases were recorded.

Here’s a breakdown of these trades by individual insiders:

• BRIAN ARMSTRONG (Chairman and CEO) traded 126 times, selling 1,557,675 shares.
• FREDERICK ERNEST III EHRSAM traded 19 times, selling 87,561 shares.
• EMILIE CHOI (President & COO) traded 83 times, selling 399,539 shares.
• JENNIFER N. JONES (Chief Accounting Officer) traded 35 times, selling 21,390 shares.
• PAUL GREWAL (Chief Legal Officer) traded 104 times, selling 88,109 shares.
• LAWRENCE J BROCK (Chief People Officer) traded 64 times, selling 90,453 shares.
• ALESIA J HAAS (Chief Financial Officer) traded 60 times, selling 33,257 shares.
• FREDERICK R WILSON traded 15 times, selling 50,000 shares.
• GOKUL RAJARAM traded 2 times, selling 800 shares.

For a complete overview of insider transactions, Quiver Quantitative’s insider trading dashboard can be consulted.

Recent Hedge Fund Activity with $COIN

In the latest quarter, 417 institutional investors acquired shares of $COIN, while 389 reduced their holdings.

Notable Moves by Major Investors

Here are some of the significant changes in holdings:

• FMR LLC decreased its portfolio by 4,286,319 shares (-38.9%) in Q3 2024.
• A16Z PERENNIAL MANAGEMENT, L.P. removed 1,862,462 shares (-100.0%) in Q3 2024.
• SUSQUEHANNA INTERNATIONAL GROUP, LLP increased its holdings by 1,170,834 shares (+133.4%) in Q3 2024.
• HUDSON BAY CAPITAL MANAGEMENT LP saw a remarkable addition of 1,116,213 shares (+3747.3%) in Q3 2024.
• RENAISSANCE TECHNOLOGIES LLC liquidated 1,063,117 shares (-100.0%) in Q3 2024.
• NOMURA HOLDINGS INC added 757,654 shares (+242.9%) in Q3 2024.
• TWO SIGMA ADVISERS, LP decreased its portfolio by 734,500 shares (-90.7%) in Q3 2024.

For updates on hedge funds and their stock portfolios, visit Quiver Quantitative’s institutional holdings dashboard.

This article is not intended as financial advice. For further details, see Quiver Quantitative’s disclaimers.

The views expressed here are solely those of the author and do not necessarily represent the views of Nasdaq, Inc.