FTX CEO Sam Bankman-Fried purchased a 7.6% stake in Robinhood Markets. On the back of this news, Robinhood stock rose 28%.
The transaction took place through Freed-affiliated company Emergent Fidelity Technologies.
The company purchased 56.28 million shares of Robinhood stock for $648.29 million.
Holpop News
Holpop News
FTX acquired 7.8% of Robinhood
posted on May 13, 2022 by holpop in Blockchain
