According to reports on Feb. 10, 2026, Brian Armstrong, CEO of Coinbase, dropped off the list of the world’s 500 richest people after a sharp crypto market decline. The move followed recent losses across digital assets that hit major industry figures.
His net worth fell from a peak of $17.7 billion to about $7.7 billion, a decline near $10 billion. He holds roughly a 17% stake in Coinbase and owns part of biotech startup NewLimit.
Major banks cut their forecasts for COIN shares, lowering targets by about 27 percent. (Ed. note: JP Morgan and Chase were among the firms that trimmed expectations.)
Other prominent crypto investors saw declines too, including Cameron and Tyler Winklevoss, Mike Novogratz, and Michael Saylor, as prices across tokens fell. A related update summarized the drop in a tweet.
Armstrong said he remained long-term bullish on crypto and focused on product work. He wrote in a tweet, “It’s been a volatile few days in the crypto markets. This is nothing new. Crypto has gone through many market cycles at this point. Personally, this doesn’t change my outlook—I don’t see how you can be anything but long-term bullish on crypto. It’s eating financial services at an incredible rate. Coinbase is going to keep shipping through any market conditions, as we’ve always done. We’ve got a financial system to update.”
