Robinhood has purchased $25 million worth of Bitcoin to hold directly on its corporate balance sheet, as announced by Johann Kerbrat, the company's senior VP for international and crypto operations. This move marks a significant step for Robinhood, a crypto trading platform, in strengthening its direct exposure to Bitcoin. Holding Bitcoin on the balance sheet can signal confidence in the asset and aligns with broader trends of companies investing in cryptocurrencies. This addition may influence Robinhood's financial strategy and investor perception going forward.
Robinhood's $25 million Bitcoin purchase is notable context for readers interested in cryptocurrency. For readers following crypto markets, here is Pluang's market snapshot as of Oct 07, 2026 09:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 5 rose and 44 fell today. Notable movers include UNI at Rp147.655 with a -8.16% change and a typical hold time of 65 days, EOS at Rp12.649 with an 8.13% increase and a typical hold time of 87 days, and COTI at Rp232 with a -7.97% change and a typical hold time of 121 days.
At Token2049, Hyperliquid founder Jeff highlighted the success of HIP-3 markets, emphasizing that they allow users to perform financial actions previously unavailable to them. He stressed the importance of making finance accessible to everyone global...
Ethena has introduced a $1 billion secured lending facility with FalconX to add institutional lending activities linked to USDe-backed assets. This arrangement uses overcollateralized credit funded by USDe's backing assets, with FalconX managing orig...
Bitcoin's price fell sharply below $84,000, reaching $83,551 on Coinbase amid a sudden market sell-off. This decline triggered the liquidation of $83 million worth of long positions within 24 hours, indicating significant trader losses and increased ...
At TOKEN2049 in Singapore, Ethena Labs CEO Guy Young emphasized that yield in crypto is not a commodity because different products carry different risks based on how operators manage them. Ethena’s USDe and sUSDe tokens use a delta-neutral strategy t...
Micron Technology received a BUY rating with a $1,360 price target, suggesting 27% potential upside. The company reported a significant revenue surge of 256% year-over-year in FY2026, with DRAM revenues exceeding $100 billion and free cash flow reach...
