Crypto

Robinhood calls bitcoin a strategic asset, adds $25 million of BTC to balance sheet

Robinhood added $25 million worth of bitcoin to its balance sheet, describing the move as part of an asset diversification strategy. Johann Kerbrat said the company views bitcoin as a strategic asset and believes firmly in the future of crypto. The purchase is small compared with its cash and cash equivalents of $5.36 billion and stablecoin holdings of $155 million as of June 30. The company did not say whether it will make more such investments.

Crypto

Japan 10-year bond demand strengthens, raising questions over Bitcoin liquidity

Demand at Japan\'s 10-year government bond auction strengthened even as yields rose, a development that may signal domestic funds shifting toward local bonds. Data showed Japanese institutions net sold long-term foreign bonds over two September periods totaling 2.59 trillion yen. While the figures do not specify asset shifts, the market focus is on whether tighter funding conditions could reduce capital available for risk assets such as Bitcoin.