Brian Armstrong, co-founder and CEO of Coinbase, has dropped out of Bloomberg’s record of the world’s 500 richest folks.
Armstrong’s internet value has fallen by greater than $10 billion since July 2025. Based on 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 Worth Slide
The most recent slide comes after JPMorgan Chase & Co. minimize its value goal for Coinbase inventory by 27% on February 10, citing “softness in crypto costs,” declining buying and selling volumes, and slower stablecoin adoption.
Sponsored
Sponsored
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 beneath $63,000 as of early February 2026.
Armstrong’s wealth is intently 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, along with his internet value estimated at roughly $7.5 billion.
The influence of the crypto stoop extends past Armstrong. Cameron and Tyler Winklevoss, co-founders of Gemini, have seen their internet worths fall to $1.9 billion every from $8.2 billion in October 2025.
Sponsored
Sponsored
Gemini lately introduced plans to chop roughly 25% of its workforce and reduce 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 fall 2025.
Technique Inc. co-founder Michael Saylor additionally misplaced about two-thirds of his wealth, bringing his internet value 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 fall 2025 transaction income is projected to say no 33.5% 12 months over 12 months.
In the meantime, Polymarket betters see a 29% probability that Coinbase International’s GAAP EPS for the related quarter will beat $0.61.
Sponsored
Sponsored
Through the sell-off, the “Coinbase premium”—the value hole between BTC on Coinbase versus different exchanges—turned unfavorable. This means weaker US institutional demand and potential outflows.
The trade is additional challenged by regulatory scrutiny and competitors from different crypto platforms like Hyperliquid.
Regardless of the turbulent surroundings, Armstrong has maintained a bullish long-term outlook. He has publicly described crypto as “consuming monetary providers at an unbelievable charge” and views market slumps as alternatives to construct new merchandise.
Sponsored
Sponsored
Armstrong has additionally predicted that Bitcoin may attain $1 million by 2030, framing the digital asset as a software for wealth equalization and monetary innovation.
Nonetheless, whereas Armstrong’s internet value 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 stress progress and take a look at management methods.
The current wave of losses displays the excessive volatility of crypto markets. Whereas Armstrong’s exit from Bloomberg’s prime 500 displays a pointy contraction in paper wealth, long-term crypto pioneers like him have weathered a number of market cycles since 2012.