Robinhood Puts $25 Million Of Bitcoin On Its Own Balance Sheet

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TL;DR: Robinhood has added $25 million worth of Bitcoin to its corporate balance sheet, marking its first proprietary BTC holding separate from customer assets. The amount is small relative to Robinhood’s roughly $100 billion valuation, but the company says that is partly the point: the purchase is intended as a signal of alignment with Bitcoin and the wider crypto market. Robinhood has spent years building a business around giving customers access to crypto. Now it has put some of its own money into Bitcoin. Johann Kerbrat, Robinhood’s Senior Vice President and General Manager of Crypto and International, confirmed that the company has purchased $25 million worth of BTC for its corporate balance sheet. Crucially, the Bitcoin is Robinhood’s own. It is separate from the crypto the company holds on ...