Robinhood adds bitcoin worth $25 million to its balance sheet
Source: CoinDesk ·
From the source
Robinhood has added bitcoin worth $25 million to its balance sheet, senior vice president and general manager of crypto and international, told the Starting Block Wednesday. U.S.-based financial services company Robinhood HOOD $110.44 · Market Closed has added approximately $25 million worth of bitcoin BTC $84,030.98 to its corporate balance sheet. The disclosure was made by Johann Kerbrat, Robinhood's Senior Vice President and General Manager of Crypto and International, during an interview on The Starting Block broadcast at the Digital Asset Summit (DAS) Asia conference on Wednesday. Kebrat explained that the decision to add BTC to the balance sheet represents how deeply we care about bitcoin and the ecosystem. “Robinhood is a massive company at this point, with a market cap in the $100 billion [range]. So the $25 million worth of bitcoin is not going to change a lot of the current trajectory of the company," he added. CoinDesk separately reached out to Robinhood’s press team…