Robinhood adds bitcoin worth $25 million to its balance sheet
In this news:
Key takeaways
- Robinhood added $25 million worth of bitcoin to its corporate balance sheet.
- The company joins over 170 public firms globally that hold bitcoin as a treasury asset.
- Robinhood recently expanded its crypto footprint with the launch of its Ethereum Layer 2 chain.
The move puts Robinhood among a growing cohort of public companies holding BTC as a treasury asset. Nasdaq-listed Strategy MSTR$159.35·Market Closed started this trend in 2020 and now its followed by more than 170 firms worldwide. Current corporate holders include names such as Tesla, Block, MARA Holdings, CleanSpark, and Riot Platforms, which together account for well over 1.2 million BTC across their balance sheets.
Robinhood, which has over 28 million funded customers globally, is not new to crypto. In July it launched Robinhood Chain, an Ethereum‑compatible Layer 2 built on Arbitrum and geared toward tokenized real‑world assets and decentralized finance.
Since mainnet’s debut, the chain has rolled out tokenized stock products, a stablecoin (USDG), and yield‑bearing lending via Robinhood Earn, while integrating major DeFi protocols like Uniswap and infrastructure from Chainlink, Alchemy, and BitGo.
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