Brian Armstrong, co-founder and CEO of Coinbase, has dropped out of Bloomberg’s record of the world’s 500 richest individuals.
Armstrong’s web price has fallen by greater than $10 billion since July 2025. In keeping with the Bloomberg Billionaires Index, it’s down from a peak of $17.7 billion to round $7.5 billion.
Brian Armstrong’s Wealth Plummets as Coinbase Shares and Bitcoin Value Slide
The most recent slide comes after JPMorgan Chase & Co. reduce its value goal for Coinbase inventory by 27% on February 10, citing “softness in crypto prices,” declining buying and selling volumes, and slower stablecoin adoption.
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JPMorgan cuts Coinbase value goal.
JPMorgan reduce its goal for $COIN from $399 to $290 forward Coinbase stories earnings.
The financial institution cited weaker crypto buying and selling volumes, softer costs and slower USDC progress as key dangers. pic.twitter.com/0cmv1OhM0B
— Selcoin International (@selcoinglobal) February 11, 2026
Coinbase shares have mirrored Bitcoin’s volatility, falling 60% from a July 18 excessive, whereas Bitcoin itself has dropped almost 50% from its early October 2025 all-time excessive of round $126,000 to under $63,000 as of early February 2026.
Coinbase (COIN) Inventory and Bitcoin (BTC) Value Performances. Supply: TradingView
Armstrong’s wealth is carefully tied to his 14% stake in Coinbase, the New York-based crypto buying and selling platform he co-founded with Fred Ehrsam in 2012.
He additionally holds investments in NewLimit, a biotech startup targeted on longevity, and has traditionally bought parts of his Coinbase holdings over time.
Regardless of the sharp paper losses, Armstrong stays a billionaire, together with his web price estimated at roughly $7.5 billion.
The affect of the crypto hunch extends past Armstrong. Cameron and Tyler Winklevoss, co-founders of Gemini, have seen their web worths fall to $1.9 billion every from $8.2 billion in October 2025.
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Gemini lately introduced plans to chop roughly 25% of its workforce and cut back some worldwide operations.
Michael Novogratz, CEO of Galaxy Digital, noticed his fortune shrink from $10.3 billion to $6.2 billion following a greater-than-expected $500 million loss in This autumn 2025.
Technique Inc. co-founder Michael Saylor additionally misplaced about two-thirds of his wealth, bringing his web price to $3.4 billion.
Coinbase Navigates Market Headwinds Whereas Armstrong Stays Bullish
Coinbase itself has confronted operational headwinds amid the market downturn. Buying and selling volumes have dropped sharply, and This autumn 2025 transaction income is projected to say no 33.5% yr over yr.
In the meantime, Polymarket betters see a 29% probability that Coinbase International’s GAAP EPS for the related quarter will beat $0.61.
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Coinbase Earnings Projections. Supply: Polymarket
Through the sell-off, the “Coinbase premium”—the value hole between BTC on Coinbase versus different exchanges—turned detrimental. This means weaker US institutional demand and potential outflows.
Coinbase premium simply hit one among its lowest ranges in over a yr!
That indicators heavy US promoting strain, protecting Bitcoin beneath sustained draw back momentum. pic.twitter.com/9VvzmBQvpw
— Trireme (@triremetrading) February 9, 2026
The alternate is additional challenged by regulatory scrutiny and competitors from different crypto platforms like Hyperliquid.
Regardless of the turbulent setting, Armstrong has maintained a bullish long-term outlook. He has publicly described crypto as “eating financial services at an incredible rate” and views market slumps as alternatives to construct new merchandise.
It’s been a unstable few days within the crypto markets.
That is nothing new. Crypto has gone by means of many market cycles at this level. Personally, this doesn’t change my outlook – I don’t see how one can be something however long-term bullish on crypto. It’s consuming monetary companies at…
— Brian Armstrong (@brian_armstrong) February 7, 2026
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Armstrong has additionally predicted that Bitcoin may attain $1 million by 2030, framing the digital asset as a instrument for wealth equalization and monetary innovation.
Nonetheless, whereas Armstrong’s web price has been closely impacted, his place as a founder and main shareholder may strengthen over time.
Traditionally, downturns have consolidated energy amongst surviving platforms, and Coinbase could emerge leaner and extra dominant if retail and institutional adoption rebounds.
Nonetheless, extended market weak point or a full “crypto winter” may strain progress and check management methods.
The current wave of losses displays the excessive volatility of crypto markets. Whereas Armstrong’s exit from Bloomberg’s high 500 displays a pointy contraction in paper wealth, long-term crypto pioneers like him have weathered a number of market cycles since 2012.
