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Andreessen Sells Nearly 13,700 Coinbase Shares Amid Growing Institutional Interest

Guavy AI Editorial Team
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Coinbase Global Director Marc Andreessen sold 13,676 shares of COIN stock on Tuesday, September 8th, at an average price of $181.14 per share.

The total value of the sale was approximately $2,477,270.64. Following this transaction, Andreessen's remaining stake in Coinbase Global is valued at around $205,833,729.36 and represents about 1.19% of his overall holdings.

This move comes amidst a broader market trend where institutional investors are increasingly buying into the company's stock. California State Teachers Retirement System, for example, has seen its holdings in Coinbase Global increase by over 14,000% in the second quarter.

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