Robinhood’s single-wallet holdings of over $3 billion make it to the third-largest bitcoin holder.
The daily price chart indicates that Bitcoin remains within the bearish zone.
In a recent report published by Arkham Intelligence revealed that the popular investing and trading platform Robinhood (HOOD) has amassed a significant bitcoin (BTC) holding amounting to over $3 billion. This substantial sum of Bitcoin, stored in a single wallet, has been accumulated over the course of several months.
Robinhood’s bitcoin holdings encompass a staggering 118,300 BTC, which currently have a valuation of approximately $3.08 billion. This vaults Robinhood to the position of the third-largest holder of bitcoin, trailing behind cryptocurrency exchanges Binance and Bitfinex. Binance and Bitfinex currently hold $6.4 billion and $4.3 billion worth of tokens, respectively, in single wallets.
Robinhood’s Bitcoin Holding (Source: Arkham)
In addition, the recent data discloses that the fifth largest Bi
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