Cryptocurrencies
Coinbase CEO Could Get More Than $1 Million Per Day After IPO
Brian Armstrong, whose stake in the crypto exchange is worth $15 billion, received a huge grant of options tied to the company’s share price.
Brian Armstrong, Coibase’s co-founder and chief executive officer
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
The cryptocurrency boom has turned the compensation package Coinbase Global Inc.’s Brian Armstrong secured last year into one of the most lavish pay deals in corporate America.
Armstrong could be in line for a windfall of more than $3 billion — equal to more than $1 million per working day for the next decade, according to details gleaned from regulatory filings and news reports on recent share sales.