Robinhood adds $25 million of Bitcoin to its own balance sheet
Robinhood is adding $25 million of Bitcoin to its balance sheet after executives previously debated whether corporate crypto holdings would benefit shareholders. Johann Kerbrat, Robinhood’s senior vice president and general manager of crypto and international, announced the allocation Wednesday, saying the brokerage views Bitcoin as a strategic addition to diversify its assets. “We believe firmly […] The post Robinhood adds $25 million of Bitcoin to its own balance sheet appeared first on CryptoSlate.
Key Takeaways
- Robinhood is adding $25 million of Bitcoin to its balance sheet after executives previously debated whether corporate crypto holdings would benefit shareholders.
- Johann Kerbrat, Robinhood’s senior vice president and general manager of crypto and international, announced the allocation Wednesday, saying the brokerage views Bitcoin as a strategic addition to diversify its assets.
- “We believe firmly […] The post Robinhood adds $25 million of Bitcoin to its own balance sheet appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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