Robinhood dey consider Bitcoin Treasury after 339% crypto surge for Q3
Robinhood dey tink say dem go add Bitcoin for dia company treasury after dem talk say dia Q3 digital assets revenue jump 339% from last year, wey reach $268 million and na 20% of dia total $1.27 billion revenue. Transaction-based crypto money rise 129% to $730 million, because trading volume for dia platform increase. Treasurer Shiv Verma and CEO Vladimir Tenev dey still discuss when and how dem go take put money, dem talk say retail investors fit already buy BTC direct. Robinhood dey consider Bitcoin treasury position as dem dey roll out the first phase of dia three-phase tokenized stocks plan, next phase go dey target secondary trading for Bitstamp and later DeFi integration. Even tho crypto market dey fall, because of US economy data, trade wahala and long government shutdown, Robinhood shares drop more than 10%. As other companies like MicroStrategy and Metaplanet get plenty bitcoin reserve, dis talk show say many companies dey adopt bitcoin for treasury as inflation protection and currency risk cover.
Bullish
Robinhood wey fit move to put corporate money inside Bitcoin treasury dey show say institutional acceptance and demand for BTC dey grow. The 339% rise in crypto revenue plus the clear tokenized stocks roadmap dey make platform engagement strong, even though short-term share prices dey volatile because of bigger market wahala. Short term, more trading volumes and good vibes about corporates adopting BTC treasury fit push BTC price up. Long term, if big brokerage start join head put money for Bitcoin treasury, e go set example, solidify Bitcoin as inflation hedge and bring steady demand.