Robinhood + 300% returns, but no rush to get cryptocurrency
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Robinhood + 300% returns, but no rush to get cryptocurrency

Shreem Brzee

Robinhood, a trading app for individuals, has seen spectacular growth in its crypto activity for several quarters. Despite this dynamic, however, the company is taking a cautious stance on the idea of ​​integrating digital assets into its balance sheet.

Solid results, powered by crypto momentum

For the third quarter of 2025, Robinhood released a turnover of approximately US$1.27 billion. This is almost double the previous year. In this total, the transactional part (trading, commissions) is approximately USD 730 million, representing a year-on-year increase of 129%.

The company’s flagship company in the United States reports a cryptocurrency-related turnover of approximately $268 million. Robinhood shows growth of more than 300% in one year. This increase confirms that crypto-activity is now a significant burden on Robinhood’s economic mix.

The app also offers promotions and their tokenized version. She attracts a young clientele focused on digital assets. The acquisition of Bitstamp (a European centralized exchange) at the beginning of the year and its international expansion contributed to this increase in power.

However despite these good results, shares in the stock market did not benefit from this. A potential signal that the stock has reached a peak, a temporary one at best. Some investors expect a more assertive business model or a clearer long-term vision regarding exposure to digital assets.

Paradoxically, while Robinhood is benefiting from the crypto craze, management currently refuses to transform this dynamic by materializing it on its balance sheets. No strategic cryptocurrency accumulation is planned until further notice.

Shiv Verma, vice president of finance and strategy, made the announcement during his earnings call to shareholders company” he thinks a lot » before buying and holding cryptocurrencies on your own account.

Caution in the face of the crypto treasury trend

He points out that although alignment with the community » is a plus in terms of brand image, the central question remains: ” Is this the right thing for shareholders? ?Robinhood is already a major player in cryptocurrency trading. The company manages to operate without accumulating cash tokens, so it is not a vital need.

One of the arguments presented by the company: holding Bitcoin or any other token on the balance sheet ties up capital that could be used for product development, investment in engineering or support geographic expansion. A very rational location when we have specific growth axes.

Conversely, most Digital Assets Treasuries (DATs) are public companies so that the core business generates little or no income. They perceive this strategy more as a lifeline than a normal axis of growth. All the more so because this fashion is perhaps running out of breath.

Indeed, several financial companies have announced share buyback programs after their capitalization fell below the value of their cryptocurrency holdings. A fate that the Robinhood team could do without. But that’s not the case with Michael Saylor, who is still steadfast in his BTC accumulation.

This placement contrasts with that of some companies that have made a name for themselves by integrating cryptocurrencies into their cash registers. Robinhood chooses operational flexibility rather than a stake in the valuation associated with outright ownership.

Robinhood is taking full advantage of the surge in its crypto activity, but currently refuses to adopt the strategy popularized by Michael Saylor and Strategy (formerly Microstrategy) since 2020. This limitation reflects the desire to serve the long-term impact on shareholders and maintain room for maneuver rather than embarking on a speculative spiral.

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