Robinhood purchased $25 million worth of Bitcoin for its corporate treasury the same day its stock fell over 2%, dropping its market value below $100 billion. Despite the stock decline driven by Bitcoin's price drop and sector-related concerns, analysts remain optimistic, raising price targets due to Robinhood's diversified revenue streams beyond crypto, including growing prediction markets and equities revenue. The company's crypto revenue is shrinking, but other business areas are expanding, making the upcoming third-quarter report crucial to confirm growth trends and justify current valuations.
Robinhood's stock trades at USD 107.89 on Pluang as of Oct 08, 2026 20:21 WIB, down 1.48% in the last day. The company's market cap stands at $98.46 billion, below the $100 billion mark mentioned in the news. Pluang data shows strong buyer interest with 96% of order activity on Robinhood shares being buys, reflecting ongoing investor engagement despite recent price declines.
Webull's stock dropped 29% following a House panel report that identified the company's structural ties to China as a national security risk, especially concerning its customer cash handling and data routing. Rival brokers Robinhood and Interactive B...
Nu Holdings stock surged 12% following an unexpected first-round result in Brazil's presidential election, which sparked a rally in Brazilian assets. The digital bank's strong ties to Brazil, where it has nearly 118 million customers, drove the gain,...
Robinhood has introduced 10x leverage trading for Bitcoin and Ether through its new perpetual futures contracts, allowing U.S. traders to control larger positions with less capital. This launch follows a recent $478 million liquidation event in the c...
