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Coinbase CEO Brian Armstrong Commits to Self-Funding New Ventures

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On February 15, Brian Armstrong, CEO of Coinbase, was fulfilling his commitment to sell the company\’s shares to fund new enterprises. In October last year, Arm…

Coinbase CEO Brian Armstrong Commits to Self-Funding New Ventures

On February 15, Brian Armstrong, CEO of Coinbase, was fulfilling his commitment to sell the company’s shares to fund new enterprises. In October last year, Armstrong promised to sell 2% of its total shares in Coinbase next year, and the proceeds will be used for the life extension company New Limit and research hub, which he co-founded.

Coinbase CEO continues to sell Coinbase shares to fund startups

Interpretation of the news:


On February 15, Brian Armstrong, the CEO of Coinbase, confirmed his commitment to self-fund new ventures by selling the company’s shares. In October 2020, Armstrong had pledged to sell 2% of the total shares of Coinbase in 2021 to secure funds for his co-founded life extension company New Limit and research hub. This move signifies Armstrong’s personal investment in his vision for the future and his dedication to his passion for entrepreneurship.

Coinbase, the digital currency exchange platform, has witnessed rapid growth in recent times and is valued at over $100 billion. The popular platform has become a go-to service provider for crypto enthusiasts and investors. With such a successful track record, many expected Coinbase to seek external funding for new ventures. However, Armstrong’s decision to sell his own shares rather than invite external investors highlights his faith in his capability to generate capital for his entrepreneurial endeavors. This self-sustaining approach will allow Armstrong greater control over the direction and vision of his ventures without being subject to the interests of external funders.

The life extension company New Limit focuses on the development of techniques and technologies for extending human lifespan. Its core aim is to enhance human health, thereby extending and improving the quality of life. New Limit’s co-founder, Armstrong, firmly believes that healthy living and long life are achievable goals, and this venture is aimed at making this a reality. The research hub is also focused on promoting health and longevity by researching and developing new technologies and solutions in the areas of health and wellness.

In conclusion, Armstrong’s decision to self-fund new ventures by selling his shares in Coinbase is an indicator of his entrepreneurial spirit and commitment to his vision for the future. This move highlights the importance of self-funding as a strategic approach to fulfilling long-term, visionary projects. The launch of New Limit and the research hub is an exciting development, which could lead to ground-breaking innovations, advancements, and solutions in the fields of health and wellness. Brian Armstrong and his team have shown that with determination and personal investment, great things can be achieved.

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