Robinhood Weighs Bitcoin Treasury After 339% Q3 Crypto Surge
Robinhood is weighing the addition of Bitcoin to its corporate treasury after reporting a 339% year-on-year surge in Q3 digital assets revenue, which reached $268 million and accounted for 20% of its $1.27 billion total revenue. Transaction-based crypto revenue rose 129% to $730 million, driven by higher trading volumes on its platform. Treasurer Shiv Verma and CEO Vladimir Tenev continue discussions on timing and capital allocation, noting retail investors can already buy BTC directly.
Robinhood’s consideration of a Bitcoin treasury position comes amid early rollout of its three-phase tokenized stocks plan, with upcoming stages targeting secondary trading on Bitstamp and eventual DeFi integration. Despite a broader crypto market downturn—spurred by US economic data, trade tensions, and a prolonged government shutdown—Robinhood shares dropped over 10%. As other companies like MicroStrategy and Metaplanet hold significant bitcoin reserves, this debate reflects a larger trend of corporate bitcoin treasury adoption as an inflation hedge and currency risk safeguard.
Bullish
Robinhood’s potential move to allocate corporate capital into a Bitcoin treasury signals growing institutional acceptance and demand for BTC. The 339% surge in crypto revenue and a structured tokenized stocks roadmap reinforce platform engagement, despite short-term share volatility amid broader market headwinds. In the short term, increased trading volumes and positive sentiment around corporate treasury adoption could lift BTC prices. Long term, a leading brokerage’s treasury allocation would set a precedent, underpinning Bitcoin’s role as an inflation hedge and driving sustained demand.