✉news BusinessCrypto first seen 23 h ago, last 17 h ago, peak #6
Robinhood buys $25 million of bitcoin for its balance sheet
Original: Robinhood adds $25 million worth of bitcoin to balance sheet as it deepens crypto push
Robinhood has purchased $25 million worth of bitcoin and added it to its corporate balance sheet, further expanding its push into cryptocurrency. The move signals the trading platform's growing commitment to digital assets, putting it in the company of other fintech firms that hold bitcoin directly. Observers see it as a sign of confidence in crypto as a long-term treasury asset.
Why now: A major retail trading platform holding bitcoin on its own balance sheet marks a notable escalation in corporate crypto adoption.
Evidence
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