Fintech Giant Ribbit Capital Acquires Stake Worth 270 Billion Won Amid Robinhood Stock Rally and Implements Option Hedge

On or around May 28, Meyer Malka of Rivet Capital, a shareholder in Robinhood Markets, Inc. (HOOD), acquired an additional stake of approximately 249,000 Class A common shares in the open market at about $80.39 per share—roughly KRW 270 billion. Earlier, on May 22, he established a structured hedge against declines and volatility in Robinhood’s stock by selling, buying, and then selling a total of 30,000 European-style FLEX put‐option contracts expiring December 31, 2027, with strike prices of $100, $75 and $45. On May 4, a chief legal officer, under a Rule 10b5-1 plan, sold 10,000 common shares in tranches totaling about KRW 1 billion, slightly trimming his direct holding.

At the end of May, Robinhood announced the launch of “Authentic Trading” and an associated credit-card product, enabling an AI agent to automatically execute stock trades and credit-card payments—an initiative that broadens its business scope. In April, the company also disclosed key operating metrics, including 27.6 million funded accounts and $345 billion in platform assets, underscoring continued growth in trading volume and assets.

Headquartered in California, Robinhood is a fintech brokerage offering commission-free trading of stocks, ETFs, options, cryptocurrencies, futures and prediction markets via its mobile app and web platform. Rivet Capital, founded in 2012 by Meyer “Mickey” Malka, is a global fintech-focused venture-capital firm that has been an early financial backer of digital finance companies such as Robinhood, Coinbase and Nubank.