Bitcoin News Today: Robinhood Pauses on Crypto Treasury as Industry Splits on Risk and Reward

Robinhood Markets Inc. remains undecided on whether to adopt a corporate crypto treasury, despite surging crypto revenues and a broader industry shift toward digital asset holdings. During its Q3 2025 earnings call, executives reiterated that the company is still evaluating the strategic and financial implications of holding Bitcoin or other cryptocurrencies on its balance sheet, emphasizing a cautious approach to capital allocation amid robust growth in its core business, according to FinanceFeeds.

The brokerage reported a record $1.27 billion in revenue for the quarter, driven by a 339% year-over-year increase in crypto-related income to $268 million, which accounted for roughly 20% of total earnings, according to Coinotag. CEO Vlad Tenev highlighted the company's "relentless product velocity," noting that crypto trading volumes reached $80 billion in Q3, split between Robinhood's retail platform and its institutional arm, Bitstamp, as reported by Blockhead. However, when asked about the potential for a crypto treasury, Tenev questioned whether holding digital assets would be "the best use of our capital," a sentiment echoed by Treasurer Shiv Verma, who described the debate as an "ongoing" internal discussion in the Motley Fool transcript.

The hesitation reflects broader industry tensions between aligning with crypto communities and managing financial prudence. While companies like MicroStrategy and Tesla have leveraged crypto treasuries to hedge against inflation and signal market confidence, critics warn of volatility risks and regulatory uncertainties, according to Bitcoin Magazine. Robinhood's executives acknowledged these concerns, noting that shareholders could already purchase Bitcoin directly on the platform. Verma asked, "Are we making that decision for them?" adding that the company's priority remains expanding its product suite—such as tokenized stocks, prediction markets, and staking services—rather than speculative treasury moves, according to Yahoo.

Robinhood's caution contrasts with the aggressive crypto treasury strategies of firms like Japan-based Metaplanet, which recently secured a $100 million loan to expand its Bitcoin holdings, as noted by FX Leaders. Despite this, Robinhood's leadership appears focused on leveraging its existing strengths. The company's Q3 results showed a 260% rise in its stock price and a 119% year-over-year increase in platform assets to $333 billion, driven by net deposits and a diversified financial services model, according to Bitget. Analysts at JPMorgan noted that the earnings beat was largely fueled by tax benefits rather than operational gains, though they raised their price target for Robinhood to $130, citing strong crypto and prediction market volumes, according to CoinDesk.

The debate over a crypto treasury also intersects with broader macroeconomic anxieties. The October 2025 market crash, which wiped out $19 billion in leveraged positions, has prompted renewed scrutiny of corporate crypto holdings. Robinhood's shares fell 11% in the week following its earnings report, mirroring a broader selloff in crypto-linked equities, as reported by Cointelegraph. However, Bernstein analysts remain bullish, forecasting a 12% stock price jump to $160 and praising Robinhood's "crypto engine firing on all cylinders," according to Yahoo.

As Robinhood navigates this crossroads, its decision could influence corporate adoption trends. With crypto trading volumes surging and institutional interest rising, the company's approach—whether to embrace or eschew a crypto treasury—will likely shape its long-term strategy in the evolving digital asset landscape, according to BeInCrypto.