Facebook stock is currently trading above $62, and a new filing reveals that venture capital firm Andreessen Horowitz sold off 1,274,869 class-A common shares.
This is all the Facebook shares from its “Fund II,” and here’s the breakdown:
- 459,000 shares at $60.7573
- 815,869 shares at $61.5036
Combined, that comes out to a total of around $78.6 million.
Andreessen Horowitz is spearhead by Facebook Director Marc Andreessen, and it’s unclear what it plans on doing with the new influx of cash.
However, Marc recently spoke about digital currency Bitcoin, and how innovation can be made in chip design, so maybe there’s potential plans to invest in that area.