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Robinhood stake acquired by FTX founder Sam Bankman-Fried
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fnlondon.comOne of the biggest names in cryptocurrencies is betting on individual investors.
Sam Bankman-Fried, the 30-year-old billionaire who founded the cryptocurrency exchange FTX, bought a 7.6% stake in Robinhood, according to a 12 May regulatory filing. He paid about $648m for the stake, which would make him the trading app’s third-largest shareholder.
Bankman-Fried’s...
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