According to Foresight News, reported by CoinDesk, Coinbase CEO Brian Armstrong invested approximately $74 million in the pro-crypto political action committee Fairshake, and in a series of preset trades that began less than a week after Trump's election, Armstrong sold $100 million worth of Coinbase stock, subsequently selling a total of approximately $437 million in stock, which had appreciated by $129 million compared to before the election. He explained the plan on X a few days before the election, stating that he was diversifying 'investing in the moon landing program,' but would retain 'the vast majority' of his shares.