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Danny is CoinDesk's Managing Editor for special projects. He owns BTC, ETH and SOL.

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Sam Bankman-Fried, the CEO of crypto exchange FTX, took a sizable position in Robinhood (HOOD) on May 2, according to a Securities and Exchange Commission filing.

Executed through an Antiguan firm called Emergent Fidelity Technologies Ltd, the position represents a 7.6% stake in the popular trading app, according to the filing published Thursday.

At over 56 million shares, it was worth nearly $482 million at market close.

Shares of HOOD rallied 28% in after-market trading.

Sam Bankman-Fried is scheduled to speak at Consensus 2022 in June. Use code C22-rrekxZSy for 20% off.

CORRECTION (May 12, 20:54 UTC): Bankman-Fried bought 56 million shares of HOOD, not a $56 million position, as was previously represented in the headline.

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Danny is CoinDesk's Managing Editor for special projects. He owns BTC, ETH and SOL.


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Danny is CoinDesk's Managing Editor for special projects. He owns BTC, ETH and SOL.