Robinhood CEO: The company has already discussed the issue of establishing a Bitcoin reserve internally

2024-12-24 08:31:46

Collection

ChainCatcher news, Robinhood CEO Vladimir Tenev stated during his guest appearance on Anthony Pompliano's podcast that the company has discussed the issue of holding Bitcoin internally, but there are no plans to maintain BTC reserves.

He said, "We wouldn't rule that possibility out. So far, we haven't done that, and we're not in the business of being investment managers." The CEO continued to state that although Robinhood has not followed in the footsteps of companies like MicroStrategy and Tesla by adding Bitcoin to its balance sheet, the stock price of his company "has been highly correlated with Bitcoin even though we haven't added Bitcoin to our inventory." Robinhood's stock (ticker: HOOD) has risen 202% this year, while Bitcoin's return so far this year is 110%.

(Source Link)

Related tags

Robinhood Bitcoin reserves

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

2025-06-13 15:27

The listed company Mercurity Fintech plans to raise $800 million to establish a long-term Bitcoin reserve

2025-06-12 12:05

The listed company Belgravia Hartford purchased approximately 4.8 BTC for $500,000

2025-06-09 22:44

UK-listed company Anemoi International invests 30% of its cash reserves in BTC

2025-06-09 19:42

Related tags

Robinhood Bitcoin reserves

Mention the project