Robinhood board members have collectively increased their holdings of HOOD stock by over $50 million in one week.

CoinFeed reported on June 10th that, according to Shay Boloor, Chief Market Strategist at Futurum Equities, Meyer Malka, a director at Robinhood Markets, Inc., has purchased another 250,000 shares of HOOD stock at approximately $81 per share, for a total transaction value of approximately $20 million. Following this purchase, Meyer Malka's total shareholding has increased to 8 million shares. In the past week, his cumulative purchases of HOOD stock have exceeded $50 million. As of the time of the news release, HOOD's stock price was $89.36, up 6.67% on the day.