Robinhood Acquires 292 BTC for $25 Million

Robinhood has added $25 million worth of Bitcoin (BTC) to its corporate balance sheet. The company stated that the purchase demonstrates a commitment to cryptocurrencies rather than a bet on returns. The acquisition was announced by Johan Kerbra, Senior Vice President and Head of Crypto and International Operations.

Less than a year ago, Shiv Verma, who was preparing to take the position of Chief Financial Officer, publicly expressed doubts about Bitcoin being a prudent corporate investment. In November 2025, he noted that while support from the crypto community is a plus, he questioned, "Is this the best use of our capital? The company has many tasks – new products, growth, investments in engineering solutions." He later mentioned that the company would continue to weigh the pros and cons. Kerbra noted that the purchase would have little impact on the company, valued at around $100 billion. At the current Bitcoin price of $85,582, the purchase is equivalent to approximately 292 BTC, or 0.025% of the company's market value. Robinhood does not disclose the exact number of coins. For comparison, Strategy spent $28.7 million on 334 BTC from October 1 to 4, increasing its portfolio to 848,000 BTC.

Robinhood's crypto business has slowed: cryptocurrency revenue in the second quarter fell by 38% to $100 million, while total revenue rose by 32% to a record $1.31 billion. HOOD shares closed at $11.20, down 1.85%. The purchase comes amid the expansion of the on-chain direction. On July 1, Robinhood launched Robinhood Chain on Arbitrum technology. According to DefiLlama, the network's TVL is $1.047 billion: it surpassed the $1 billion mark approximately 80 days after launch and has been holding in the range of $1-1.05 billion since the end of September. Robinhood also plans to launch perpetual contracts for US clients with leverage up to 10x on BTC and ETH and has already launched AI agents within the app.