Key Insights
- A recent SEC filing revealed that MicroStrategy and Coinbase were among the biggest insider-stock sellers from last year.
- Coinbase CEO, Brian Armstrong alone sold $636 million worth of $COIN stock within the year.
- Michael Saylor, the chairperson of the MicroStrategy corporation sold $410.8 million worth of $MSTR.
- Despite these sales, the stock and crypto market appears to be in good health.
The world saw an impressive crypto rally in 2024 that affected digital assets and even the stock market on occasion.
Interestingly, executives from Coinbase and MicroStrategy emerged as some of the biggest insider stock sellers in the United States.
These executives conducted transactions that have grabbed attention and here is everything to know in between.
Executives’ Selling Spree.
A recent Securities and Exchange Commission (SEC) filing revealed that over 500 of these insiders sold a staggering $36.9 billion in company shares in the previous year.
Some of the most prominent of these sellers were Coinbase CEO Brian Armstrong and MicroStrategy Executive Chairman Michael Saylor.
The filing revealed that Armstrong alone sold $636 million worth of Coinbase stock (COIN).
This put him in the top 8 insider seller list in the US, with other Coinbase execs like Fred Ehrsam and Emilie Choi contributing another $1.25 billion for the year.
Above all, this ranks Coinbase as the seventh-largest insider seller in the US within the same timeframe.
Next came Michael Saylor, the chairperson of the MicroStrategy corporation.
Saylor, who is known for his bullish stance on Bitcoin, sold $410.8 million in MicroStrategy (MSTR) stock within the year.
This made MicroStrategy the 11th largest insider stock seller for the year.
Interestingly, these moves from Saylor coincided with a massive boom in $MSTR’s value—which was likely fueled by the company’s growing Bitcoin reserves.
Strong Stock Performances Amid the Selling Frenzy.
These companies saw stock booms despite the selling, with both $COIN and $MSTR beating established indexes like the S&P 500 among many others.
Coinbase’s $COIN surged by an impressive 43.5% within the year, starting its journey at $173.02 and closing at $248.30.
This growth was mostly fueled by Bitcoin’s bullish momentum and the increasing adoption of crypto worldwide.
The uptrend also appears to have carried into 2025, with $COIN recording a 5.9% increase year-to-date.
On the other hand, MicroStrategy’s MSTR performed even better with a 358.5% growth in 2024.
The company’s correlation with Bitcoin, as well as its ongoing 21/21 acquisition strategy, have strongly boosted investor interest.
Notably, the last days of 2024 saw MicroStrategy add 1,070 Bitcoin to its reserves.
This brought the company’s total holdings to an impressive 447,470 BTC, which is worth nearly $30 billion at current prices.
What Lies Ahead For Bitcoin?
The final quarter of 2024 and the start of 2025 played a major role in Bitcoin’s price performance, especially with the cryptocurrency breaking above the $100,000 mark for the first time.
Institutional buying did much to fuel this momentum, with CoinShares reporting $585 million in Bitcoin inflows over the first few days of 2025 alone.
This added to the massive $44 billion recorded in last year.
However, while Bitcoin’s breakout above $100,000 shows strong bullish sentiment, analysts are still cautious.
If Bitcoin holds above this critical level, it could target its all-time high of $108,353 and even move further to $126,706.
On the flip side, a failure to maintain this price level might lead to a pullback towards $90,000.
What Next For Ethereum?
Ethereum has also shown strength with its price action, especially with its break above the $3,555 mark in early 2025.
This bullish momentum marked a break out from its ascending triangle formation, with a pattern target of $3,894.
According to the daily charts, the 20-day EMA and RSI indicators show that the bulls are still in control.
Even though a drop below the $3,555 mark could trap short-term investors and send ETH toward its uptrend line.
Overall, the bullish start to the year has set the stage for an exciting future for Bitcoin.
Analysts remain on the lookout for how the latest developments will affect the broader crypto community, in terms of investor sentiment.