1 min read
Robinhood Adds $25 Million in Bitcoin to Corporate Balance Sheet
The holding was disclosed by Johann Kerbrat, Robinhood’s senior vice president and general manager for international and crypto operations.
Mentioned assets
Robinhood has added $25 million worth of Bitcoin (BTC) to its corporate balance sheet, giving the crypto trading platform a direct holding of the asset.
Johann Kerbrat, Robinhood’s senior vice president and general manager for international and crypto operations, disclosed the addition on Oct. 7.
The move places Bitcoin directly on Robinhood’s balance sheet.
The $25 million position adds Bitcoin to Robinhood’s corporate balance sheet.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.