Robinhood Completes Purchase of Sam Bankman-Fried Stake
Cryptocurrency and stock trading platform Robinhood has completed the purchase of over 55 million shares previously held by former FTX CEO Sam Bankman-Fried. The acquisition, valued at approximately $606 million, was approved by Robinhood’s board of directors and the U.S. District Court for the Southern District of New York. This move signifies Robinhood’s commitment to growth and serving its customers and shareholders.
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