Robinhood adds $25 million of Bitcoin to its corporate balance sheet
Image: Crypto.newsRobinhood has added $25 million of Bitcoin to its corporate balance sheet, crypto chief Johann Kerbrat confirmed at the Token2049 event in Singapore. Kerbrat said the purchase aligns the company and its vision with the crypto community. He described the position as relatively small for a company with a market capitalization close to $100 billion. Robinhood reported $17.5 billion in crypto notional trading volume during August, up 61% from $10.9 billion in July.
Key points
- Robinhood added $25 million of Bitcoin to its corporate balance sheet for the first time.
- Johann Kerbrat is Robinhood's senior vice president and general manager of crypto and international.
- Robinhood's crypto business spans perpetual futures, tokenized stocks and its own Robinhood Chain network.
Why it matters
Robinhood's move puts company capital, not customer assets, into Bitcoin and adds a large retail brokerage to the listed firms holding the asset. Its crypto business already includes perpetual futures, tokenized stocks and its own network.
What's unclear
Neither report states the price or average cost at which Robinhood bought the Bitcoin.
Neither report says whether Robinhood plans further corporate Bitcoin purchases.
Price context · BTC
At publication
$83,904.00
Now
$83,743.00
Change since
−0.19%
7 days · dashed line = publication
Sources · 6 publishers
The Block
Tier 1
Robinhood adds $25 million worth of bitcoin to balance sheet as it deepens crypto push
CoinDesk
Tier 1
Robinhood adds bitcoin worth $25 million to its balance sheet
Crypto.news
Tier 2
Robinhood adds Bitcoin to balance sheet with $25 million purchase
Blockonomi
Tier 3
Robinhood Buys $25 Million in Bitcoin as Stock Closes at $112
Unchained
Tier 1
Robinhood Puts $25 Million of Bitcoin on Its Balance Sheet, Executive Says
Coverage timeline
- First reported by CoinGape
- Confirmed by The Block
- CryptoVideos brief published
- 2 more publishers added to sources
How this brief was made. Our system found this event in 6 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
