Wallet #3 - Apparently Robinhood (Patreon)

According to Arkham, who seem to have reliable insights, it appears that Wallet #3's major holder is Robinhood. Interestingly, I used to have some BTC on Robinhood but switched to Tesla during a dip in the low 100s. I'm feeling quite reassured by that decision.

In an unexpected twist, Sam Bankman-Fried (SBF) held a 7.6% share in Robinhood's outstanding stocks. SBF acquired this stake in May 2022 through his holding company Emergent Fidelity Technologies, valued around $600 million at the time. However, in January 2023, the U.S. Department of Justice (DOJ) seized $465 million worth of Robinhood shares from SBF.

I'm pondering the possibility of BlackRock potentially positioning itself to acquire Robinhood or even secure a controlling stake. This is just speculative thinking on my part, as they say.