Robinhood Puts $25M in Bitcoin on Its Corporate Balance Sheet

Robinhood has reportedly bought about $25 million worth of Bitcoin for its own treasury. Johann Kerbrat, the company’s senior vice president and general manager of crypto and international, shared the news on The Starting Block at the Digital Asset Summit Asia on Wednesday. He said the purchase shows how much the company values Bitcoin and its wider ecosystem, though Robinhood has not formally confirmed the deal.

Why the Amount Is Small for Robinhood

Kerbrat admitted the sum is tiny for a business valued at roughly $100 billion and will not shift its direction. Robinhood has also been asked whether it plans to buy more BTC or other tokens.

Corporate Bitcoin Treasury Trend Keeps Growing

Strategy began the trend in 2020, and more than 170 companies now follow it. Tesla, Block, MARA Holdings, CleanSpark and Riot Platforms are among the holders, with combined holdings above 1.2 million BTC.

Robinhood Chain and Its Crypto Push

The platform serves over 28 million funded customers. In July it launched Robinhood Chain, an Ethereum-compatible Layer 2 on Arbitrum that offers tokenized stocks, the USDG stablecoin and lending through Robinhood Earn, with Uniswap, Chainlink, Alchemy and BitGo integrated.