✉news BusinessCrypto first seen 10 h ago, last 7 h ago, peak #9
Robinhood buys $25 million in Bitcoin for its balance sheet
Original: Robinhood's first Bitcoin buy: $25M lands on balance sheet
Robinhood has made its first direct Bitcoin purchase, adding $25 million worth of the cryptocurrency to its corporate balance sheet. The move puts the trading platform in the company of other public firms holding Bitcoin as a treasury asset, and comes as companies increasingly treat digital currencies as a store of value. It also signals Robinhood's deepening commitment to crypto beyond offering trading to its customers.
Why now: Robinhood joining the growing list of public companies holding Bitcoin on their balance sheets is notable news for crypto and fintech watchers.
Evidence
- Robinhood's first Bitcoin buy: $25M lands on balance sheet · Seeking Alpha
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