MoonPay cofounder and CEO Ivan Soto-Wright, along with other executives at the crypto payments company, sold $150 million of company shares in November 2021, just months before the bottom of the crypto market fell out.
The sale occurred during a mammoth Series A funding round led by Tiger Global Management and Coatue Management. In its first outside fundraising round, MoonPay, which facilitates crypto purchases with dollars and other fiat currency, raised $555 million at a $3.4 billion valuation, but only $405 million went to shares for investors, according to a person familiar with the situation, cited by The Information.
