Crypto News
| Published On May 14, 2022 2:42 am CEST | By Peter Siu

FTX CEO Sam Bankman-Fried Takes 7.6% Stake in Robinhood

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The CEO of crypto exchange FTX, Sam Bankman-Fried, has recently taken sizable position in Robinhood (HOOD).

According to a Securities and Exchange Commission filing, ‘SBF’ has bought 56 million shares of the popular trading app on May 2. The purchase was made through an Antiguan firm called Emergent Fidelity Technologies Ltd.

The position represents a 7.6% stake in the platform and is worth almost $600 million at time of writing.

Commenting on the purchase, entrepreneur and investor Anthony Pompliano, founder of Morgan Creek Capital Management, was in awe noting that the offensive playbook of the head of the exchange is one of the best out there.

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Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.

Tags: Anthony PomplianoBankman-FriedCrypto ExchangeFTXRobinhood

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