Robinhood has added $25 million of Bitcoin to its corporate balance sheet, framing the purchase as a commitment to crypto rather than a return-driven treasury strategy. Johann Kerbrat, senior vice president and general manager of crypto and international, disclosed the purchase during a livestreamed interview on X and said the stake was too small to alter the trajectory of a company valued near $100 billion. At Bitcoin’s price of $85,582, the allocation represents roughly 292 BTC, although Robinhood has not disclosed the exact number of coins. The holding is about 0.025% of Robinhood’s market value. The decision came less than a year after Shiv Verma, then the company’s incoming chief financial officer and now CFO, questioned whether Bitcoin was the best use of corporate capital compared with new products, engineering and other growth investments. Robinhood’s crypto transaction revenue fell 38% year over year to $100 million in the second quarter, while total revenue rose 32% to a record $1.31 billion. Its stock closed Tuesday at $112, down 1.85%, and extended losses in Wednesday’s premarket session, according to TipRanks. The company is also expanding its crypto infrastructure: Robinhood Chain, a public Layer 2 network built on Arbitrum technology, launched July 1 and has $1.047 billion in total value locked, though growth has slowed since late September. The company plans to offer perpetual futures to eligible U.S. customers, including Bitcoin and Ethereum contracts with leverage of up to 10 times, and has expanded tokenized equities and wallet access. The next quarterly filing should clarify Robinhood’s exact Bitcoin holdings and whether the company makes additional purchases.