Robinhood adds $25 million of bitcoin to its balance sheet
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Robinhood has reportedly added about $25 million worth of bitcoin to its corporate balance sheet, according to Johann Kerbrat, the company’s Senior Vice President and General Manager of Crypto and International. The company has not officially confirmed the purchase. Robinhood has also expanded its crypto offerings with an Ethereum-compatible Layer 2 network featuring tokenized stocks, a stablecoin, and decentralized finance services.
Why it matters
The addition of bitcoin to Robinhood’s balance sheet signals the company’s commitment to bitcoin and the broader crypto ecosystem. This move aligns Robinhood with other public companies holding bitcoin as a treasury asset, contributing to the growing trend of corporate bitcoin adoption.
Key context
Robinhood, with over 28 million funded customers globally and a market cap around $100 billion, launched its Ethereum-compatible Layer 2 network, Robinhood Chain, in July 2026. This network supports tokenized real-world assets, a stablecoin (USDG), yield-bearing lending, and integrates major DeFi protocols and infrastructure providers. The trend of public companies holding bitcoin began in 2020 with Nasdaq-listed Strategy and now includes more than 170 firms.
Key numbers and entities
Robinhood ($25 million in bitcoin), bitcoin price cited at $83,800.30, company market cap approximately $100 billion, Strategy MSTR (first major corporate bitcoin holder in 2020), Tesla, Block, MARA Holdings, CleanSpark, Riot Platforms (noted corporate BTC holders), Robinhood Chain (Ethereum-compatible Layer 2), stablecoin USDG, DeFi protocols including Uniswap, Chainlink, Alchemy, BitGo.
What remains unclear
Robinhood’s press team did not provide details on whether the company plans to acquire additional bitcoin or other cryptocurrencies in the future. The exact timing and mechanism of the bitcoin purchase remain unspecified.