Robinhood bought $25 million of bitcoin for its own balance sheet. Johann Kerbrat, who runs crypto at the firm, told The Block the purchase is a commitment signal. He said the company cares about bitcoin and wanted the treasury aligned with that. He also said $25 million is small next to a market cap near $100 billion, and will not change the company’s path. at about $85,000, the buy is roughly 295 $BTC . Strategy bought 334 BTC for $28.7 million between October 1 and October 4, and holds 848,000. Robinhood’s entire position is a fraction of one of those weekly adds. the purchase sits next to a wider crypto push, including its own chain and plans for perpetual futures. A brokerage holding the asset it lists is a different step from a customer buying it on the app. $25 million is the signal. 295 $BTC is the size. The stack that moves the market is still the one at 848,000. #Bitcoin Price Prediction: What is Bitcoins next move?# #BTC Price Analysis# $XRP #Bullish