Robinhood (HOOD) adds bitcoin (BTC) worth $25 million to its balance sheet
Summary
Robinhood has added about $25 million in bitcoin to its corporate balance sheet, according to crypto chief Johann Kerbrat, who said the purchase reflects the company’s commitment to bitcoin but is too small to materially affect its roughly $100 billion market capitalization. The company has not confirmed whether it plans further purchases. The move joins Robinhood with more than 170 public companies holding bitcoin as a treasury asset. Robinhood already operates in crypto, including an Ethereum-compatible Layer 2 focused on tokenized assets and DeFi.
