Brian Armstrong (businessman)

Coinbase's March 2025 disclosure identified 24.1 million Class B shares in Armstrong's living trust. Its larger beneficial-ownership total also included exercisable options and shares of another trust for which he was trustee. Twenty votes per Class B share gave his reported holdings 50.2% of voting power. The distinction matters when reading founder fortunes: voting authority and regulatory attribution do not make every reported share the founder's personal economic property.