Robinhood adds $25 million of Bitcoin to its corporate balance sheet
In brief
- Robinhood added $25 million of Bitcoin to its corporate balance sheet, Johann Kerbrat said on X.
- The Bitcoin allocation equals less than 0.5% of Robinhood's $5.362 billion reported cash balance.
- Robinhood executives debated a Bitcoin treasury on the Q3 2025 earnings call before acting.
- Crypto made up 8% of Robinhood's Q2 net revenue, down from 16% a year earlier.
A small slice of a large cash pile
The position is modest. Robinhood held $5.362 billion in cash and cash equivalents plus $155 million in stablecoins as of June 30, 2026, according to its second-quarter filing as cited by CryptoSlate. That puts the Bitcoin buy at less than 0.5% of reported cash.
“We believe firmly in the future of crypto,” Kerbrat said on X.
Robinhood describes the allocation as part of its broader asset-diversification strategy. Is it a one-time purchase or the start of a recurring treasury program? The announcement doesn't say. CryptoSlate noted the position leaves Robinhood far short of Strategy, which routinely raises capital to expand its Bitcoin holdings.
The debate that came first
This wasn't a snap decision. On Robinhood's third-quarter 2025 earnings call, finance executive Shiv Verma said management had spent considerable time debating whether to put Bitcoin or other digital assets in the corporate treasury. Holding Bitcoin could align the company more closely with the crypto community, he said, but shareholders could already buy Bitcoin directly through Robinhood. Management also had to weigh any treasury allocation against investing in growth areas such as engineering and products. At that point, Verma said, the company was "still thinking about it."
Now it's made the call.
Where crypto sits in the business
Until now, Robinhood's crypto strategy has largely centered on giving customers access to digital assets and acquiring infrastructure. It's also expanded into tokenization, staking and institutional trading. The company bought Bitstamp for about $224 million in June 2025, a deal that accelerated its expansion outside the US and added regulated infrastructure in Europe and Asia. Robinhood has since pushed further into tokenized equities and blockchain infrastructure, including its Robinhood Chain initiative.
Crypto's weight in the company has shrunk, though. Customers traded about $40 billion of crypto across Robinhood and Bitstamp in the second quarter ($18 billion through Robinhood's app and $22 billion through Bitstamp), per the filing cited by CryptoSlate. Crypto transaction revenue came to $100 million, down 38% from a year earlier, and crypto contributed 8% of total net revenue versus 16% in the same quarter last year.
Frequently asked questions
How big is Robinhood's Bitcoin purchase compared with its cash?
Robinhood's $25 million Bitcoin allocation is less than 0.5% of its reported cash balance. The company held $5.362 billion in cash and cash equivalents and $155 million in stablecoins as of June 30, 2026, according to its second-quarter filing as cited by CryptoSlate.
Will Robinhood keep buying Bitcoin for its treasury?
Robinhood didn't say. The announcement doesn't specify whether the $25 million allocation is a one-time move or the start of a recurring treasury program. The company described it as part of its broader asset-diversification strategy.
Why did Robinhood hesitate before adding Bitcoin to its balance sheet?
On the Q3 2025 earnings call, finance executive Shiv Verma said holding Bitcoin could align Robinhood with the crypto community, but shareholders could already buy Bitcoin directly through Robinhood. Management also weighed a treasury allocation against investments in engineering, products and other growth initiatives.
