Bitcoin enters Robinhood’s balance sheet with a $25 million purchase

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Robinhood added $25 million of BTC to its balance sheet, marking Bitcoin’s entry into the platform’s treasury. The purchase, announced by Johann Kerbrat on October 7, aims to demonstrate Robinhood’s commitment to Bitcoin and its ecosystem. With a market capitalization near $100 billion, this investment represents approximately 0.025% of the group’s valuation and should not materially alter its trajectory. The platform also launched perpetual futures for eligible US users and is developing Robinhood Chain, an Ethereum-compatible Layer 2 network holding approximately $1.05 billion in total value locked. The scale of the purchase remains modest and no recurring accumulation program has been announced at this stage.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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