Robinhood adds $25M in bitcoin to its balance sheet

Robinhood has added about $25 million worth of bitcoin to its own balance sheet, the company's senior vice president and general manager of crypto and international said at the Starting Block on Wednesday. The purchase puts the retail brokerage among the growing number of public fintech and crypto firms holding BTC as a corporate treasury asset.

• No details were disclosed on purchase price, average cost basis or whether further accumulation is planned.
• The move follows Robinhood's broader expansion into crypto products, including 10x perpetuals, weekend trading and USDC support on Circle's Arc chain.