Came across this on The Block: Robinhood crypto chief Johann Kerbrat said in an interview that the company has added about $25 million worth of Bitcoin to its balance sheet—mainly as a show of support for the crypto industry.
He added that with Robinhood’s market cap at around $100 billion, $25 million won’t change the company’s overall direction; it’s more about aligning with its vision. Meanwhile, Strategy continues to add to its holdings, while Robinhood is also pushing ahead with U.S. perpetual futures, Robinhood Chain, and Stock Tokens.
When public companies put BTC on their balance sheets, the signal often speaks louder than the amount itself.
$BTC #Robinhood #BitcoinTreasury
He added that with Robinhood’s market cap at around $100 billion, $25 million won’t change the company’s overall direction; it’s more about aligning with its vision. Meanwhile, Strategy continues to add to its holdings, while Robinhood is also pushing ahead with U.S. perpetual futures, Robinhood Chain, and Stock Tokens.
When public companies put BTC on their balance sheets, the signal often speaks louder than the amount itself.
$BTC #Robinhood #BitcoinTreasury