Robinhood adds $25 million of Bitcoin to its own balance sheet
Robinhood is adding $25 million of Bitcoin to its own balance sheet, a move the brokerage describes as a strategic addition to diversify its assets. Johann Kerbrat, Robinhood's senior vice president and general manager of crypto and international, announced the allocation on Wednesday, saying on X: "We believe firmly in the future of crypto". The position is modest relative to Robinhood's reported resources: the company held $5.362 billion in cash and cash equivalents as of 30 June 2026, along with $155 million in stablecoins, according to its second-quarter filing. The allocation is equivalent to less than 0.5% of that cash balance.
The move marks a change from the position executives took less than a year earlier. Asked on Robinhood's third-quarter 2025 earnings call whether the company would hold Bitcoin or other digital assets in its corporate treasury, finance executive Shiv Verma said management had spent considerable time debating the idea. The central concern was capital allocation: a Bitcoin position could align Robinhood more closely with the crypto community, Verma said, but shareholders could already buy Bitcoin directly through the brokerage, and management had to weigh a treasury allocation against investment in engineering, products and other growth initiatives. Verma said at the time that the company was "still thinking about it".
The balance-sheet allocation comes as crypto is more deeply embedded in Robinhood's business. The company acquired Bitstamp for about $224 million in June 2025, giving it a global exchange with institutional and retail customers, and has since pushed into tokenised equities and blockchain infrastructure, including its Robinhood Chain initiative. Customers traded about $40 billion of crypto across Robinhood and Bitstamp in the second quarter, split between $18 billion through Robinhood's app and $22 billion through Bitstamp. Crypto transaction revenue was $100 million in the quarter, down 38 per cent from a year earlier, and crypto contributed 8 per cent of total net revenue, against 16 per cent a year earlier.
At $25 million, the initial position leaves Robinhood well short of the accumulation strategies pursued by companies such as Strategy, which routinely raises capital to expand its holdings. The announcement did not specify whether the allocation is a one-time move or the start of a recurring treasury programme. That distinction will determine whether the move remains largely symbolic or develops into a more meaningful use of corporate capital.
