Robinhood is evaluating the possibility of holding bitcoin as part of its corporate treasury, as the company reports significant growth in digital asset revenue.
Executives weigh treasury decision
During the Q3 2025 earnings call, CEO Vlad Tenev confirmed that Robinhood is considering buying bitcoin as a reserve asset.
Tenev acknowledged the potential benefits and challenges, stating:
“If you put it on your balance sheet, it has the positives in that you’re aligned with the community, but it does take up capital. Are we making that decision for them? Is it the best use of our capital? I think the short answer is we’re still thinking about it.”
Senior Vice President of Finance and incoming CFO Shiv Verma echoed this sentiment, noting:
“We spend a lot of time thinking about this and have this debate constantly. There are pros and cons to both, and it’s one that we’re gonna keep actively looking at.”
Digital asset growth drives debate
Robinhood’s Q3 2025 digital asset revenue surged 339% year-over-year to $268 million, comprising about 20% of total company income.
Transaction-based revenues also rose 129% to $730 million, with overall revenue reaching $1.27 billion.
Ongoing internal debate
Despite the trend, Robinhood executives remain cautious.
Verma pointed out that shareholders already have access to bitcoin through the platform, questioning the necessity of adding it to the company’s own balance sheet.
