Robinhood Puts $25 Million of Bitcoin on Its Balance Sheet, Executive Says
Johann Kerbrat said the $25 million purchase is meant to align Robinhood with the crypto community and will not materially affect the company.
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As more and more companies before it, the Robinhood group seems to be embarking on the accumulation of Bitcoin (BTC). Indeed, the American broker has just confirmed the purchase of $25 million of the precious cryptocurrency for its own cash flow, a first for the company listed on the Nasdaq Stock Exchange (HOOD share). The announcement, made since the Token2049 event in Singapore, marks the continuity of Robinhood's strategic alignment with the …
Robinhood Buys $25 Million in Bitcoin as Stock Closes at $112
TLDR Robinhood has added $25 million worth of bitcoin to its corporate balance sheet. Crypto chief Johann Kerbrat said the purchase shows the company’s commitment to the crypto community. The bitcoin is separate from nearly $25 billion in crypto that Robinhood holds for customers. Robinhood plans to launch perpetual futures for eligible U.S. users in [...]
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Cryptocurrency News | Cryptocurrency Prices | Market CapRobinhood adds $25 million worth of bitcoin to balance sheet as it deepens crypto push
Robinhood SVP Johann Kerbrat says the purchase was intended to signal the company's commitment to the crypto sector.
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