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.