a16z Transfers 276,000 COMP to Coinbase Prime, No Longer Holds Token from 2020 Investment

a16z transferred 276,000 COMP worth $7.6 million to Coinbase Prime on December 16, on-chain analyst EmberCN reports. The firm acquired 1 million COMP, representing 10% of the token's total supply, in March 2020 as lead investor in Compound. a16z's on-chain addresses now primarily hold 64 million UNI valued at $325 million and 19.51 million OP worth $5.71 million, with no remaining COMP holdings, the data show.