HawkInsight

  • Contact Us
  • App
  • English

Robinhood's stock held by SBF, which was seized by the U.S. Department of Justice, has increased by more than seven times to $4.6 billion.

According to online reports, according to analysis by encryption researcher Simon, FTX founder Sam Bankman-Fried(SBF) purchased 56.27 million Robinhood shares in 2022 at an average price of US$11.52. The total value at that time was approximately US$648 million, accounting for approximately 7.6% of the company's shares. So far, Robinhood's share price has risen to $82.18, and if SBF still holds the shares, the value will be $4.6 billion. However, after the FTX collapse, the U.S. Department of Justice seized the shares, and Robinhood subsequently bought them back for $606 million.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More