According to crypto researcher Simon, FTX founder Sam Bankman-Fried (SBF) bought 56.27 million shares of Robinhood at an average price of $11.52 in 2022, worth about $648 million at the time, or about 7.6% of the company.
As of now, Robinhood shares have risen to $82.18, and if SBF still holds the shares, they will be worth $4.60 billion. However, after the FTX collapse, the Department of Justice seized the shares and Robinhood bought them back for $606 million.
SBF's Robinhood shares, which were seized by the Justice Department, have now risen more than seven times to $4.60 billion
2025-06-25 03:14:04
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