Robinhood Revealed to be Third-Largest Bitcoin Holder With $3B in BTC

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Robinhood transferred some 118,300 bitcoin to the wallet from several other smaller wallets over a three-month period.

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Robinhood transferred some 118,300 bitcoin to the wallet from several other smaller wallets over a three-month period, data shows. These tokens are custodied by crypto trading firm Jump Trading, Arkham representatives confirmed to CoinDesk in a Telegram message.

All of these holdings are held on the Bitcoin blockchain. The first transactions were made on March 8, after which huge amounts of bitcoin were transferred until July 14, data fromMeanwhile, the holdings shed light on the extent of Robinhood’s bitcoin exposure despite low crypto trading volumes on its platform.of just $31 million in the second quarter, down 18% from the $38 million in the first quarter, according to its latest earnings release.

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