Robinhood adds $25 million in Bitcoin to its corporate balance sheet
Image: Bitcoin.com NewsRobinhood added about $25 million in Bitcoin to its corporate balance sheet. Johann Kerbrat, senior vice president and general manager of crypto and international, disclosed the purchase at the Digital Asset Summit Asia. He described the move as a strategic step for asset diversification. Kerbrat said the position remains small compared with Robinhood's size. The company did not publicly state exactly when it completed the purchase.
Key points
- Robinhood added about $25 million in Bitcoin to its corporate balance sheet.
- Johann Kerbrat, senior vice president and general manager of crypto and international, disclosed the purchase.
- Kerbrat described the move as a strategic step for asset diversification.
- The purchase follows Robinhood's expansion into U.S. crypto perpetual futures covering Bitcoin and Ether.
- Kerbrat said the Bitcoin position remains small compared with Robinhood's size.
Why it matters
The purchase places Bitcoin directly on a large listed brokerage's balance sheet and groups Robinhood with public companies that hold BTC directly. Holding the asset directly exposes part of that balance sheet to price fluctuations.
What's unclear
Robinhood did not publicly state exactly when it completed the purchase.
Price context · BTC
At publication
$83,309.00
Now
$83,135.00
Change since
−0.21%
7 days · dashed line = publication
Sources · 2 publishers
Bitcoin.com News
Tier 2
Robinhood Puts $25M Into Bitcoin, Citing Belief in Crypto’s Future
Coverage timeline
- First reported by CoinCentral
- Confirmed by Bitcoin.com News
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
