Crypto
Robinhood makes first $25 million bitcoin purchase to hold on balance sheet
Robinhood has for the first time added $25 million, or about 33.5 billion won, worth of bitcoin to its balance sheet. Bitcoin Magazine reported the purchase is the company’s first bitcoin holding that is not client property. Johann Kerbrat, Robinhood’s senior vice president and general manager for crypto and international, disclosed the purchase in an interview. Robinhood did not reveal the amount bought, and on-chain analysis distinguishes it from client assets held in custody.
