Buy crypto managers at Coinbase, Microstrategy and Marathon
Buy crypto managers at Coinbase, Microstrategy and Marathon
- Coinbase co-founder Fred Ehrsam has acquired corporate shares worth $ 75 million in the past two weeks
- Some crypto managers bought in February, which did not cause losses to them
A number of crypto managers bought the drop of shares their own companies this month-which indicates that industry insiders hope for a strong relaxation.
Fred Ehrsam, co-founder of Coinbase (coin) and paradigm, led the indictment and has bought corporate shares worth $ 75 million in the past two weeks, divided into the trade on May 13 and May 17th.
honest acquired almost 1.1 million coin base shares at an average price of $ 68.70-that was the first time that he bought coin base shares since the stock exchange went to the stock exchange in April 2021.
During this time, a honest sold 1.5 million shares at an average price of $ 328, to get $ 492 million, as can be seen from the SEC submissions compiled by the financial portal Openinsider . This includes $ 2.1 million options.
Ehrenam is not yet in the green in his last purchases. In fact, he lost $ 2 million. Coinbase shares are currently being traded for around $ 67-82 % below their original list price of $ 381
Cathie Woods Ark Invest-Fonds seems to have cut off better after he had acquired 546,579 coin base shares over four funds, shortly after Coin crashed by 25 % on May 11. At that time, Ark's new coinbase stocks were worth $ 29 million. Thanks to a recovery of 25 %, they are now worth $ 36.6 million.
In the meantime, the managers from Microstrategy (MSTR) bought fewer company shares. Timothy Lang, who has been a senior executive Vice President and Chief Technology Officer of the company since 2014, spent $ 500,000 for $ 200.Lang has redeemed microstrategy shares worth $ 53.2 million between October 2020 and November 2021-115,000 shares at an average price of $ 463. The microstrategy share is now changing the owner at just under 209 $-more than 75 % below its last high of $ 891, which was recorded in November.
Leslie Rechan, director of Microstrategy, secured 2,000 stocks at a price of $ 204.42, which at that time corresponded to a value of around $ 408,000. RECAN and Lang both made their trades on May 11th.
Between November 2020 and November 2021, Rechan exerted options and sold 20,650 shares at an average price of $ 531 and received $ 11 million. During this time, MSTR rose by 300 %-from around $ 200 to $ 800-profits that were inspired by starved BTC purchases of the optimistic CEO Michael Saylor. Both RECHAN and LAGE are roughly balanced in their last purchases from 3:30 p.m.
Kevin Denuccio, director of the Bitcoin-Mining-Giant Marathon Digital Holdings (Mara), bought Mara shares at $ 9.63 at the beginning of this month, which at that time had a value of $ 148,500. These shares are now almost $ 154,000 because Mara is traded for $ 10 - a profit of 4 %.
Some crypto managers "bought" the dip too early.
Some crypto managers bought in February when BTC fluctuated around $ 40,000, which led to not realized losses.
Director Michael Lempres from the California Silvergate Capital (Si), based in California, grabbed the company's shares worth $ 56,000 in February and paid $ 112.20 per share. Lempres' new investments are now about $ 37,300, since the SI share fell 33 % to less than $ 75.
Silvergate Capital made headlines at the end of January when the company acquired assets that were connected to the failed META stable project Diem.
Insider of the crypto mining company ClePark (CLSK) also bought in February. Chief Financial Officer Gary Vecchiarelli acquired company shares worth more than $ 213,000 together with director Thomas Wood; 22,757 stocks at an average price of $ 9.36.
CLSK is now traded for $ 5.52, which means paper losses for Vecchiarelli and Wood of almost 40 %.
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The contribution Crypto Execs at Coinbase, Microstrategy and Marathon Buy the DIP is not a financial advice.