Robinhood Weighs Bitcoin Treasury Move Following Stellar Quarterly Results

Robinhood Markets has electrified investors with its third-quarter performance, sparking serious internal discussions about potentially adding Bitcoin to its corporate treasury. This strategic consideration could fundamentally reshape the brokerage’s business model, transitioning it further from a traditional trading platform toward becoming a significant cryptocurrency participant.

The trading platform delivered an impressive earnings beat for Q3. Robinhood reported earnings per share of $0.61, substantially exceeding analyst projections that ranged between $0.51 and $0.54. Total revenue reached $1.27 billion, representing a year-over-year doubling and coming in well above the anticipated $1.2 billion.

Digital assets trading emerged as the standout performer. Revenue from cryptocurrency operations skyrocketed by more than 300% to $268 million. This explosive growth propelled Read more...