Robinhood has purchased $25 million worth of Bitcoin, according to Johann Kerbrat, the company’s senior vice president and general manager for international and crypto. The move stands out because Robinhood had not previously bought Bitcoin as a treasury asset on its balance sheet. In December 2024, CEO Vlad Tenev said the idea of holding Bitcoin came up from time to time, but the company had not acted on it. After its third-quarter results in November 2025, senior vice president of finance and strategy Shiv Verma, along with Tenev, said Robinhood had been weighing the trade-offs of adding Bitcoin to the balance sheet. They said the potential benefit was stronger alignment with the crypto user community, while the drawback was tying up capital that could otherwise go to product work, growth, and research and development. They also noted that shareholders can already buy BTC on the Robinhood platform themselves.
Robinhood has bought $25 million in Bitcoin, according to Johann Kerbrat, the company’s senior vice president and general manager for international and crypto.
The purchase marks a change in approach for the company. Robinhood had not previously bought Bitcoin as a reserve asset on its balance sheet.
In an interview in December 2024, CEO Vlad Tenev said the idea of holding Bitcoin came up 「from time to time」, but added that 「we haven’t done that so far」.
Later, after the company’s third-quarter earnings report in November 2025, senior vice president of finance and strategy Shiv Verma, along with Tenev, said Robinhood had been weighing the pros and cons of putting Bitcoin on the balance sheet.
They said the upside was alignment with the crypto user community. The downside was that such a move would use capital that could otherwise be directed to product development, growth, and research and development. They also said shareholders can buy BTC on the Robinhood platform themselves.
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