FTX acquired 7.8% of Robinhood

Home / FTX acquired 7.8% of Robinhood

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.

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