"Virtual Asset Figures See Wealth Surge Post-Election"

On the 24th (local time), the virtual asset specialized media CoinDesk reported that the heads of virtual asset companies have poured enormous amounts of money into the U.S. political scene this year and are now reaping significant profits as a result.

A prominent figure in the virtual asset sector is Brian Armstrong of Coinbase. Brian Armstrong, the CEO, donated approximately $74 million to Fair Shake.

His donation has resulted in substantial profits following the election of Republican candidate Donald Trump. On November 4th, Coinbase's stock price was only $185, but it skyrocketed after the election. On this day, Coinbase closed at $279.62, up 4.28% from the previous day. On December 9th, it even reached an intraday high of $349.75.

The value of Coinbase shares held by CEO Brian Armstrong also surged. It is known that Brian Armstrong currently holds more than 10% of Coinbase's shares, and the valuation of his holdings increased by $2 billion after the election.

Additionally, CoinDesk speculated that the assets held by Ripple CEO Brad Garlinghouse, and Andreessen Horowitz (a16z) co-founders Marc Andreessen and Ben Horowitz, have also significantly increased.