Robinhood Adds $25 Million in Bitcoin to Its Balance Sheet
- Robinhood has added Bitcoin worth $25 million to its treasury.
- This move positions Robinhood among over 170 public companies holding BTC as a treasury asset.
- Notable corporate holders include Tesla, Block, and Riot Platforms, collectively owning over 1.2 million BTC.
- Robinhood launched its Ethereum-compatible Layer-2 solution, Robinhood Chain, in July.
- The chain supports tokenized assets and integrates major DeFi protocols like Uniswap and Chainlink.
With over 28 million funded customers globally, Robinhood’s entry into the Bitcoin market reflects a broader trend among corporations adopting cryptocurrency as part of their financial strategy.
The addition of $25 million in Bitcoin strengthens Robinhood’s position within the growing list of companies investing in digital assets.(Source)
