Robinhood buys $25 million in bitcoin for its balance sheet

The purchase was intended to demonstrate Robinhood's commitment to the cryptocurrency sector, senior vice president Johann Kerbrat said, according to The Block. Bloomberg separately interviewed Kerbrat at the Token2049 conference in Singapore, where he discussed the company's expansion plans and investment opportunities in the cryptocurrency market.

• Bloomberg identifies Kerbrat as Robinhood's general manager of crypto and international.

Covered by 2 publishers within 2 hours of the first report.

• The Block: Robinhood adds $25 million worth of bitcoin to balance sheet as it deepens crypto push

Reporting2

TB The Block Robinhood adds $25 million worth of bitcoin to balance sheet as it deepens crypto push · Timmy Shen 3:08 AM

CD CoinDesk Robinhood adds $25 million of bitcoin to its balance sheet · Omkar Godbole 4:53 AM

Related

QZ Bitcoin drops below $84,000 amid $550 million in crypto liquidations October 7

TB Coinbase plans Pro relaunch and completes Deribit integration October 6

SM Crypto PACs’ House targets raise eyebrows October 5

QZ Arthur Hayes bets an AI infrastructure crash will lift crypto October 6

Topics Crypto