Robinhood Markets is buying back $605 million worth of shares previously held by the founder of bankrupt crypto exchange FTX. This follows from the report of the US Securities and Exchange Commission.

Robinhood bought back more than 55 million of its own shares, which were confiscated by the US Department of Justice in January. Initially, the shares were acquired by Emergent Fidelity Technologies, a holding company majority-owned by FTX founder Sam Bankman-Fried.

Emergent Fidelity Technologie itself went bankrupt shortly after the FTX trading platform collapsed last fall.

Four organizations competed for Robinhood’s share: FTX; Bankman-Fried himself; bankrupt crypto lender BlockFi (who claimed Emergent had pledged shares to him as collateral for a loan) and a certain individual lender FTX.

Ultimately, Robinhood bought out the U.S. Marshals Service, which owned the shares after they were forfeited. After Robinhood shares jumped more than 3.5%.

“We are delighted to have completed our purchase of these shares and look forward to implementing our plans on behalf of our clients and shareholders,” the company said.

Robinhood has become the fifth largest owner of the ETH cryptocurrency. The company now has $2.5 billion in Ether on its wallet. The company made cryptocurrency investments available on its platform in 2021. However, the latest earnings report shows that second-quarter cryptocurrency trading revenue fell $7 million to $31 million.