Robinhood has disclosed that it added approximately $25 million worth of bitcoin (BTC) to its corporate balance sheet, underscoring the trading platform’s deepening commitment to the digital asset industry. Johann Kerbrat, Robinhood's senior vice president and general manager of crypto and international, confirmed the purchase in interviews this week, including an appearance on The Block's The Starting Block and at the Digital Asset Summit Asia.
Kerbrat framed the move as a strategic alignment rather than a major financial repositioning. “We care deeply about bitcoin and the ecosystem around it. For us, it's more aligning our company and our vision with the crypto community,” he said. He acknowledged that the $25 million position is modest relative to the company's overall scale, noting that Robinhood has a market capitalization of roughly $100 billion. Robinhood's Nasdaq-listed shares closed down 1.85% at $112 on Tuesday.
The purchase arrives as other publicly traded companies continue accumulating bitcoin. Strategy said earlier this week that it acquired an additional 334 BTC for roughly $28.7 million at an average price of $85,838.80 per bitcoin between Sept. 28 and Oct. 4, lifting its total holdings to 848,000 BTC. Robinhood now joins a group of listed companies with direct bitcoin exposure, though its position remains small compared with larger corporate treasury holders such as Strategy, Tesla, Block, MARA Holdings, CleanSpark and Riot Platforms.
Beyond the bitcoin purchase, Robinhood is broadening its crypto product lineup. The company recently announced plans to introduce perpetual futures trading for eligible U.S. users, with contracts on assets including BTC, ether (ETH), Solana, XRP, Dogecoin, ADA, LINK and HYPE. Robinhood CEO Vlad Tenev described the product as “America's first true perps” with no expiry and profit-and-loss settlement every 15 minutes. Robinhood is also expanding Robinhood Chain, a Layer 2 network built with Arbitrum technology that went live on public mainnet in July. Its total value locked reached $1.05 billion as of Tuesday, according to The Block data. The company says it has 28 million funded accounts, including about 27 million in the United States, and its Robinhood wallet is available in more than 120 countries.
Kerbrat also noted that Robinhood's stock-token volume is already high enough to encounter limits under the Securities and Exchange Commission's innovation exemption for tokenized U.S. equities, highlighting both the early demand and the regulatory complexity of the company's tokenization efforts. The company has not disclosed whether it plans to buy more Bitcoin or add other tokens to its treasury.
