MamieBenson
2024-06-04

$Coinbase Global, Inc.(COIN)$

Fortunately, or unfortunately Coin is tied to bitcoin pricing and pretty much trades in concert. My only concern is the millions of dollars in shares all insiders are selling right now. Very unprofessional to support that kind of selloff. Thats why I sold some calls to cover my holdings. I'm guessing down tomorrow.

Coinbase Beats Across the Board: At What Price Would You Add?
hares of the cryptocurrency marketplace rose nearly 1% after fourth-quarter earnings outpaced expectations. A postelection rally in cryptocurrencies helped drive big trading gains for Coinbase. The company said it earned $4.68 per share, far above estimates of $1.81 per share, reported by LSEG. Revenue of $2.27 billion topped expectations that called for $1.88 billion.
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