CoinMeta Data: Robinhood Announces Its First Purchase of Bitcoin Worth $25 Million as Part of the Company’s Expansion into the Crypto Market. This purchase was disclosed by Johann Kerbrat, the head of crypto at Robinhood, at the Digital Assets Summit. Unlike the crypto assets held by customers, the Bitcoin purchased this time will be owned by Robinhood. Kerbrat stated that this purchase is intended to demonstrate Robinhood’s commitment to Bitcoin and the broader crypto ecosystem, rather than initiating a large-scale Bitcoin reserve strategy. Although this purchase is small compared to Robinhood’s market value of approximately $100 billion, it marks a shift for the company from holding Bitcoin solely for customers to also holding it as an enterprise asset.