Robinhood adds $25 million of Bitcoin to its balance sheet
Robinhood’s SVP, Johann Kerbrat, told The Block they bought $25M in $BTC to get closer to the crypto crowd. He noted Robinhood’s market cap is around $100 billion, so the buy does not change the company’s trajectory. Shares dropped 1.85% to $112 on Tuesday.
$HOOD #Macro Insights#
Robinhood’s SVP, Johann Kerbrat, told The Block they bought $25M in $BTC to get closer to the crypto crowd. He noted Robinhood’s market cap is around $100 billion, so the buy does not change the company’s trajectory. Shares dropped 1.85% to $112 on Tuesday.
$HOOD #Macro Insights#