Oyogist.com has learned that Coinbase CEO, Brain Armstrong has announced a major boost in the company’s valuation as it appreciated further to just over $400 per share, valuing the company at a touch more than $104 billion.
Armstrong took to his official Twitter page to share the Coinbase journey and how he got motivated to venture into Cryptocurrency by BTC founder, Satoshi Nakamoto.
He wrote;
“The Coinbase journey started when I read the Satoshi whitepaper while I was home for Thanksgiving in 2010. As I read it, I realized that crypto had the power to unlock a future where economic freedom was a reality for everyone.
“This has driven me ever since as I believe creating more economic freedom is one of the biggest meta problems of our time. It has so many positive downstream effects in society.
“While the Coinbase app has evolved a lot since then (It was first called Bitbank until I learned that “bank” carries a very specific legal, regulatory definition!), the mission is the same: to increase economic freedom in the world. After reading it, I started coding an early prototype of Coinbase on nights and weekends, and began attending early bitcoin meetups around the Bay Area. Eventually I was accepted at @YCombinator and got the courage to quit my job @Airbnb to go pursue this crazy idea.
Coinbase CEO, Armstrong further went ahead to reveal how he achieved his goal with the help of his close pals who gave him a whopping $150k check to startup the company, Coinbase.
In conclusion, Coinbase hopes to accomplishe a major fraction of what they set out to do as a company.
