Robinhood Puts $25M of $BTC on Its Own Books
Robinhood SVP Johann Kerbrat says the company has added about $25M of Bitcoin to its corporate balance sheet, separate from the customer crypto it holds in custody. He framed it as aligning Robinhood with the crypto community, while admitting it's small next to the company's roughly $100B market cap. Meanwhile BTC trades near $83K on Binance. Symbolic gesture, or the start of a bigger corporate treasury wave?
#Bitcoin #BTC #CorporateTreasury
Robinhood SVP Johann Kerbrat says the company has added about $25M of Bitcoin to its corporate balance sheet, separate from the customer crypto it holds in custody. He framed it as aligning Robinhood with the crypto community, while admitting it's small next to the company's roughly $100B market cap. Meanwhile BTC trades near $83K on Binance. Symbolic gesture, or the start of a bigger corporate treasury wave?
#Bitcoin #BTC #CorporateTreasury