Coinbase CEO Brian Armstrong sold company shares for several weeks after Donald Trump was elected president and pro-cryptocurrency lawmakers won, cashing out a total of approximately $437 million. Due to the optimistic sentiment in the market following the election results, the shares he sold increased in value by $129 million compared to pre-election valuations.

According to the latest SEC filings, Brian Armstrong still holds over 10% of Coinbase shares, with approximately 24 million shares in his trust valued at around $6.4 billion, an increase of nearly $2 billion since November 5.