Robinhood Acquires Over 55 Million Shares Owned by Former FTX CEO

Cryptocurrency and stock trading platform Robinhood has announced that it has acquired over 55 million shares owned by former FTX CEO Sam Bankman-Fried. Following the announcement, the price of Robinhood shares increased by approximately 4% from $10.85 to $11.34, and it was revealed that the company owns a significant Ethereum wallet. $606 Million Deal According to a blog post published on August 31, Robinhood completed the purchase of 55,273,469 shares for approximately $606 million after applying to the U.S.The post Robinhood Acquires Over 55 Million Shares Owned by Former FTX CEO appeared first on COINTURK NEWS.