Robinhood Adds $25 Million in Bitcoin to Its Balance Sheet
Robinhood has purchased $25 million worth of bitcoin for its corporate treasury.
- Robinhood added $25M in bitcoin to its balance sheet.
- The move comes amid a market downturn with BTC down 2.41% in 24 hours.
- Robinhood's DeFi TVL is $726.57M, down 8.3% in the past week.
Robinhood has made a strategic move by adding $25 million worth of bitcoin to its corporate balance sheet, as reported by CoinDesk. This decision was announced by the company's senior vice president and general manager of crypto and international during an interview with The Starting Block.
The purchase comes at a time when the broader cryptocurrency market is experiencing a downturn. 
Bitcoin, the largest cryptocurrency by market cap, is currently trading at $83,952, having fallen by 2.41% in the past 24 hours. Despite this, Bitcoin has managed a modest 0.79% gain over the past week.
The total cryptocurrency market cap stands at $2.93 trillion, reflecting the overall market's decline. The Fear & Greed Index, which measures market sentiment, is at 71, indicating a state of 'Greed,' suggesting that investors remain cautiously optimistic.
In addition to its bitcoin purchase, Robinhood's decentralized finance (DeFi) total value locked (TVL) is $726.57 million, according to DeFiLlama. This figure represents an 8.3% decrease over the past seven days, indicating potential volatility in Robinhood's DeFi investments.
This move by Robinhood underscores the growing trend of institutional adoption of bitcoin, even amidst market fluctuations. The purchase could be seen as a long-term strategic investment, reflecting the company's confidence in the future of cryptocurrencies.
At today's peer-to-peer rate, 1 BTC ≈ ₦114.40M (about $83,775.00), down 2.5% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 7, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitcoin — questions
How much is 1 Bitcoin worth in naira today?
About ₦114.40M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,775.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.21% since this brief first published — trading at $83,775.00 now versus $83,952.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CoinDesk. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.