🔥ROBINHOOD ADDS $25M IN BITCOIN TO ITS BALANCE SHEET
Robinhood has added $25 million worth of Bitcoin to its corporate balance sheet, according to the company’s crypto chief Johann Kerbrat.
The purchase is relatively small compared with Robinhood’s roughly $100B market value, but the signal is much bigger.
Robinhood says the move is meant to show its commitment to Bitcoin and the broader crypto ecosystem as the company continues expanding its crypto business.
With Robinhood also pushing deeper into Robinhood Chain, tokenized stocks and crypto derivatives, the BTC purchase fits into a broader strategy of making digital assets a bigger part of its business.
#BTC Price Analysis# #BTC Above 60K# $BTC
Robinhood has added $25 million worth of Bitcoin to its corporate balance sheet, according to the company’s crypto chief Johann Kerbrat.
The purchase is relatively small compared with Robinhood’s roughly $100B market value, but the signal is much bigger.
Robinhood says the move is meant to show its commitment to Bitcoin and the broader crypto ecosystem as the company continues expanding its crypto business.
With Robinhood also pushing deeper into Robinhood Chain, tokenized stocks and crypto derivatives, the BTC purchase fits into a broader strategy of making digital assets a bigger part of its business.
#BTC Price Analysis# #BTC Above 60K# $BTC