Robinhood Shares Once Seized by the US Department of Justice from SBF Have Now Increased More Than Sevenfold, Reaching $4.6 Billion
According to a report by Jinse Finance, crypto researcher Simon analyzed that FTX founder Sam Bankman-Fried (SBF) purchased 56.27 million shares of Robinhood in 2022 at an average price of $11.52 per share, with a total value of approximately $648 million, accounting for about 7.6% of the company’s shares. As of now, Robinhood’s stock price has risen to $82.18. If SBF still held these shares, they would be worth $4.6 billion. However, after the collapse of FTX, the U.S. Department of Justice seized these shares, and Robinhood later repurchased them for $606 million.
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