Robinhood puts $25M of bitcoin on its corporate balance sheet

What happened

Robinhood added $25 million of bitcoin to its corporate balance sheet, a move the company disclosed on Oct. 7. Johann Kerbrat, senior vice president and general manager of crypto and international at Robinhood Markets Inc., called the decision a diversification measure. He said the firm believes firmly in the future of crypto and views the purchase as a strategic step for overall asset diversification.

Arkham characterized the transaction as Robinhood's first corporate bitcoin purchase in an Oct. 7 post on X. Kerbrat disclosed the purchase during the Digital Asset Summit Asia. Robinhood did not publicly state exactly when it completed the buy, and Kerbrat announced no further asset purchases during the interview.

Why it matters

Robinhood is joining a group of listed companies that hold bitcoin directly. Strategy remains the largest corporate holder, and it reported another purchase this week that lifted its total position to 848,000 BTC. Other public holders include Tesla, Block, MARA Holdings, CleanSpark and Riot Platforms. The allocation follows Robinhood's recent expansion into crypto perpetual futures for U.S. users.

The allocation is small next to Robinhood's overall size. It equals about 0.46% of the $5.4 billion in second-quarter cash and cash equivalents the company reported for June 30. Robinhood has a market value near $100 billion, and its shares closed at $112, down 1.85%.

What the data shows

Quarterly net revenue reached $1.31 billion, while cryptocurrency trading revenue declined 38% from a year earlier to $100 million. Robinhood has 28 million funded accounts, including about 27 million in the United States. Arkham's tracker shows approximately $24.4 billion across attributed assets, and the company's network reached about $1.05 billion in total value locked, according to The Block data.

Background

Robinhood's direct bitcoin exposure follows its $200 million acquisition of crypto exchange Bitstamp, completed June 2, 2025. The company launched Robinhood Chain and new stock tokens on July 1, and the chain uses Arbitrum technology. At its Sept. 29 product event, Robinhood outlined U.S. crypto perpetual futures with leverage of up to 10 times for bitcoin and ethereum. Its wallet gives users access across more than 120 countries.

What is still unclear

• Robinhood did not publicly state exactly when it completed the purchase.
• The company has not disclosed whether it plans to buy more Bitcoin or add other tokens to its treasury.
• Arkham's tracker figure of approximately $24.4 billion covers broader attributed holdings rather than the newly announced investment.

Questions readers ask