• Robinhood added $25 million worth of bitcoin to its own balance sheet, according to The Block on 7 October 2026.
• Johann Kerbrat said the company cares about bitcoin and wants to align its vision with the crypto community, and called the sum relatively small.
• The Block put Robinhood's market capitalisation at about $100 billion as of 7 October 2026, so the purchase is a small share of the company's value.
• Customer crypto in custody is a separate exposure: Robinhood's 10-K/A says custodied crypto is not recorded on its consolidated balance sheets.
• The Block's article cites no filing or disclosure of the purchase date, so the accounting treatment is not yet visible.

Robinhood has added $25 million worth of bitcoin to its balance sheet, according to The Block on 7 October 2026. The company's own executive called the sum relatively small, and the outlet puts Robinhood's market capitalisation at about $100 billion. The more consequential exposure sits elsewhere: customer crypto held in custody, which Robinhood's annual report treats separately from its own balance sheet.

What Robinhood said about the purchase

Johann Kerbrat, a Robinhood senior vice president, told The Block that the company cares deeply about bitcoin and the ecosystem around it. He said the purchase was more about aligning the company and its vision with the crypto community, and he described the $25 million as relatively small given the company's size. The Block's article does not cite a filing or give a purchase date, so the amount rests on the company's statement as reported.

The scale of the business around it

The Block reports that Robinhood has 28 million funded accounts, 27 million in the US and 1 million international, and that its market capitalisation is about $100 billion, both as of the article's 7 October 2026 date. It also reports that Robinhood Chain, which went live on public mainnet in July, had $1.05 billion in total value locked as of Tuesday, and that its wallet is available in more than 120 countries. Against those figures the bitcoin position is a small line item.

Why custody is a separate exposure

Robinhood's FY2025 Form 10-K/A states that cryptocurrencies held in custody for users totalled $35.2 billion at 31 December 2024 and $38.2 billion at 31 December 2025, at fair value, and were not recorded on its consolidated balance sheets. The new $25 million is a different kind of exposure: it is the company's own holding, and its price risk falls on Robinhood rather than on customers.

What to watch next

The Block reports that Robinhood's stock-token volume is approaching the caps set under an SEC innovation exemption, and that the company acknowledges limits on volume and asset types for tokenization. Those constraints bear on the business more than a position this size. Readers should watch for a filing that discloses the purchase date, the cost basis and how the holding is accounted for, none of which the article provides.