IREN Co-founder Sells Shares for $66 Million as Bitcoin Mining Company's Stock Hits New High
ChainCatcher news, according to TheMinerMag, IREN Bitcoin mining company's co-founders and co-CEOs, the Roberts brothers, each sold 1 million shares as the company's stock price hit a new high of $33, cashing out a total of $66 million.
After the reduction, both still hold about 13.99 million shares each, accounting for approximately 6% of IREN's outstanding shares. This is their second large-scale share reduction in the past two years; in December 2023, when the stock price was around $5, they each sold 1 million shares.
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