Robinhood is Actively Considering a Bitcoin Treasury As Q3 Crypto Revenues Soar 339%

In a statement after its Q3 2025 earnings call, Robinhood’s executive, Shiv Verma, said that the company is actively weighing the pros and cons of adding Bitcoin to its balance sheet. Verma explained that adding a Bitcoin treasury will both signal alignment with the crypto community and tie up capital.

Robinhood Considers Adding Bitcoin To Its Balance Sheet

While presenting its Q3 2025 earnings, Robinhood’s vice president of finance and strategy, Shiv Verma, said that the company has been considering the idea of adding Bitcoin to the firm’s balance sheet. 

As its crypto-related revenues soar, Verma said the company has been spending “a lot of time” evaluating the potential pros and cons of adopting a Bitcoin treasury strategy.

According to Robinhood’s CEO, Vlad Tenev, if they add Bitcoin to their balance sheet, “it has the positives in that you’re aligned with the community,” however, it is a move that takes up capital. Tenev adds that they are considering whether it’s the best use of their capital.  

They are not ruling out the alternative since the company is presently financially healthy and is always investing in new products, engineering and growth strategies. Arguing with Tenev, they are still considering it, and a decision is yet to be made. He says Robinhood regularly debates the idea and will “keep actively looking at it.” 

Rising Crypto Revenues Inspire the Move

Robinhood’s decision to consider a Bitcoin treasury strategy comes after its crypto revenues jumped 339% year-over-year. Cryptocurrency trading generated $268 million in revenue, or 20% of Robinhood’s total income in Q3 2025.

Its crypto revenues also saw a 67.5% quarterly increase, which Robinhood’s CFO Jason Warnick called a “nice step-up in crypto volumes.” In addition to crypto trading, Robinhood has actively been expanding its footprint in the digital asset space to include a tokenized stock program. Robinhood also launched an RWA blockchain for the EU market. 

Robinhood’s CEO, Vlad Tenev, said that the company is only in phase one of a three-stage rollout plan. Tenev said it’ll get more interesting in phase two and phase three, where Robinhood will begin to make tokenized stocks available for secondary trading on Bitstamp and then eventually be on DeFi platforms. 

This will give Robinhood the opportunity to expand its services and user base. This highlights Robinhood’s willingness to expand deeper into the crypto sector, which it considers a significant component of its growth strategy.

Why Robinhood is Hesitant on a Crypto Treasury 

The decision to delay on a crypto treasury, while it is increasingly becoming popular amongst corporate entities, is not yet a top priority on the balance sheet. The strategy of Robinhood is thoughtful and cautious because the company tries to maximize shareholder value and capitalize on its business strengths.

While Robinhood’s large user base of retail crypto investors makes it a good fit for a Bitcoin treasury, its management is cautious about jumping on a trend that might not fit with their long-term financial or strategic aims.