Bitcoin Updates: Robinhood Halts Crypto Treasury Amid Divided Opinions on Risks and Benefits

Robinhood Markets Inc. has yet to make a final decision on whether to incorporate digital assets into its corporate treasury, even as its crypto revenue climbs and more companies in the sector move toward holding cryptocurrencies. On its Q3 2025 earnings call, company leaders stated they are still weighing both the strategic and financial outcomes of adding

or other digital currencies to their balance sheet, stressing a prudent stance on capital management while the core business continues to expand, as reported by .

The brokerage achieved a record $1.27 billion in quarterly revenue, with crypto-related earnings soaring 339% year-over-year to $268 million—making up about one-fifth of total revenue, according to

. CEO Vlad Tenev pointed to the firm's "unmatched pace of product innovation," highlighting that crypto trading hit $80 billion in Q3, split between Robinhood’s retail users and its institutional partner, Bitstamp, as noted by . Still, when questioned about the possibility of a crypto treasury, Tenev wondered if allocating capital to digital assets was "the most effective use of our resources," a view shared by Treasurer Shiv Verma, who called the matter an "ongoing" topic of internal debate in the .

This hesitation highlights the industry-wide challenge of balancing alignment with the crypto community and maintaining financial discipline. While firms such as MicroStrategy and Tesla have used crypto treasuries to hedge against inflation and demonstrate confidence in the market, skeptics point to the risks of volatility and regulatory ambiguity, according to . Robinhood’s leadership acknowledged these risks, noting that investors can already buy Bitcoin directly through their platform. Verma questioned, "Are we making that choice on their behalf?" and emphasized that the company’s main goal is to broaden its offerings—including tokenized equities, prediction markets, and staking—rather than making speculative treasury decisions, as reported by .

Robinhood’s measured approach stands in contrast to the bold crypto treasury moves of companies like Japan’s Metaplanet, which recently obtained a $100 million loan to boost its Bitcoin reserves, according to

. Nevertheless, Robinhood’s management seems intent on building on its current advantages. The company’s third-quarter performance included a 260% increase in share price and a 119% annual rise in platform assets to $333 billion, fueled by net inflows and a diversified financial services strategy, as reported by . JPMorgan analysts observed that the earnings outperformance was primarily due to tax benefits rather than core business improvements, but still raised their price target for to $130, citing strong volumes in crypto and prediction markets, according to .

The ongoing discussion about a crypto treasury is also influenced by larger economic uncertainties. The market crash in October 2025, which erased $19 billion in leveraged positions, has led to increased scrutiny of companies holding crypto. Robinhood’s stock dropped 11% in the week after its earnings release, reflecting a wider decline in crypto-related stocks, as reported by

. Still, Bernstein analysts remain optimistic, predicting a 12% rise in the stock price to $160 and commending Robinhood’s "crypto operations running at full speed," according to .

As Robinhood faces this pivotal decision, its stance could set a precedent for other corporations. With crypto trading activity and institutional participation both on the rise, the company’s ultimate choice—whether to adopt or avoid a crypto treasury—will likely play a significant role in shaping its future direction in the fast-changing digital asset sector, as reported by

.