# Coinbase Investors Who owns [[Coinbase]] (Nasdaq: COIN). Owning shares and controlling the company are different things here: index funds own large economic stakes, but the founders' Class B shares, worth 20 votes each, decide votes. See [[Coinbase Leadership]] for how control works. ## Largest holders | Holder | Stake | Share of the vote | Source | |---|---|---|---| | [[Brian Armstrong]] | 25.6M Class B shares | 49.6% (plus 18.9% in family trusts with an independent trustee) | 2026 proxy, as of March 31, 2026 | | [[Fred Ehrsam]] | 5.5M Class B shares | 10.6% | 2026 proxy | | Vanguard (Vanguard Capital Management) | 7.3% of Class A | small | Filing dated April 29, 2026 | | [[BlackRock]] | 6.6% of Class A | 1.4% | Filing covering June 30, 2025 | | [[Marc Andreessen]] (personally) | 1.15M Class A shares | small | 2026 proxy | [[The Vanguard Group]] reorganized its fund management in January 2026, so its Coinbase stake is now reported by Vanguard Capital Management rather than The Vanguard Group. [[Andreessen Horowitz]], the venture firm Andreessen co-founded, is no longer listed as a 5% holder. ## Insider sales in 2026 Totals from Form 4 filings through early October 2026: | Seller | Role | Shares | Approx. value | Notes | |---|---|---|---|---| | [[Alesia Haas]] | Chief financial officer | about 451,000 | $74.5M | About $56.5M of it in February | | Fred Wilson | Lead independent director | — | $12.6M | | | [[Brian Armstrong]] | Chief executive | 40,000 | $10.0M | January 2026, under a trading plan adopted August 2025 | | [[Marc Andreessen]] | Director | — | $7.8M | September and October 2026 | The stock traded around $250 in January 2026, fell to about $140–160 in the spring and summer, and recovered to about $180–205 by early October. Market value was roughly $45 billion in early October 2026. ## See also - [[Coinbase Dossier]] — the full dossier - [[Coinbase Leadership]] · [[Coinbase Financials]]