Brian Armstrong Holds 52.2% of Coinbase Votes Without Buying Shares
- —Class B shares carry 20 votes each; Class A carries one
- —Selling Class B stock converts it to Class A, cutting votes by 95%
- —Armstrong held about 25.64 million Class B shares as of March 2026
- —Trusts with an independent trustee hold another 18.9% of voting power
Why it matters: Concentrated founder control limits ordinary shareholders' say over board elections and major corporate decisions at Coinbase.
Source: Coinpaper