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FTX and Fidelity CEO prominently reveals 7.6% stake in Robinhood


Sam Bankman-Fried, CEO of FTX, at his office in Hong Kong last year.


Photo:

Anthony Kwan for The Wall Street Journal

The crypto exchange, the CEO of FTX, Sam Bankman-Fried and prisent Fidelity Technologies Ltd., disclosed about 7.6% stake in

Robinhood Market Inc.

HOOD 5.03%

but said at this time it does not intend to take any action on the investment, according to securities filings.

According to FactSet, Mr. Bankman-Fried and prisent Fidelity Technologies, a company incorporated in Antigua and Barbuda, were among the largest investors in the platform that went public last year.

Shares of Robinhood closed Thursday up 5% at $8.56 and up 31% to $11.20 in after-hours trading.

Write letter for Maria Armental at [email protected]

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