Robinhood Weighs Crypto Treasury Amid Rising Market Momentum

Highlights:

• Robinhood is evaluating a crypto treasury move but hasn’t committed.
• Leadership prioritizes shareholder value over following market trends.
• The firm’s crypto revenues rose 300% year-over-year in Q3.

Trading platform Robinhood Markets remains uncertain about becoming part of the growing number of companies adopting crypto treasury models. Executives have expressed that although this idea is desirable, it still leaves them wondering about the long-term gains of this idea. Although the company is increasingly engaged in digital assets, it focuses on financial discipline and shareholder value.

In the recent earnings call, Shiv Verma, the vice president of finance and strategy, addressed questions regarding crypto holdings. He noted that Robinhood has devoted a considerable amount of time to the issue.

Robinhood Markets, Inc. Q3 2025 Earnings Call https://t.co/rMTgNiQCUU

— Robinhood (@RobinhoodApp) November 5, 2025

Crypto Treasury Not a Priority

The company has not made any commitment to include Bitcoin or other digital assets in its balance sheet. Although this may position it with the crypto community, leaders remain cautious.

During the call, Verma said:

“What we are always trying to determine is: Is that right to the shareholders too?

Several publicly traded companies have already shifted to a crypto treasury model, driving up their stock prices. These companies have tokens on reserve in order to achieve exposure and increase investor confidence.

Verma, however, highlighted the capital trade-offs of such a move. “It does take off capital,” he said, describing how it could turn out to be a cost in disrupting funds from innovation and growth.

He noted that, as shareholders already had the ability to purchase crypto directly on the platform, having Robinhood purchase it would become questionable. Verma further added that shareholders are able to go and purchase Bitcoin directly through Robinhood, so it would not be easy to make a decision.

Strategic Thinking Over Market Hype

The option is not being eliminated. However, executives would like to have additional time to determine its effectiveness in the ventures of the company. The conservative attitude of Robinhood is also characterized by the growing concern among global regulators. Markets such as Hong Kong have restricted firms from turning into crypto treasury entities.

Analysts caution that the trend could lead to inflated company valuations that lack firm backing. The risk may increase with more companies entering the space. Robinhood consequently does not want to follow the hype, even though there is excitement in the markets.

Verma also stated:

“There is a lot of different things you are doing, whether it is new products, growth, and investing in engineering.”

Focus Remains on Growth and Product Expansion

Even though Robinhood has not adopted a crypto treasury, its crypto business remains successful. During Q3, the firm reported that the transaction-based revenue increased by 129% to $730 million. Crypto revenue alone totaled $268 million, representing a 300% year-over-year growth.

Robinhood Markets has just released financial results for the third quarter of 2025.

Check out the highlights from @vladtenev below, and catch our earnings call live at: https://t.co/pFOYygGBa9 pic.twitter.com/zgSRLqB6yI

— Robinhood (@RobinhoodApp) November 5, 2025

Additionally, the total revenue amounted to $1.27 billion, nearly twice that of the previous year, exceeding Wall Street predictions. Earnings per share also increased by 259%, backed by the influx of crypto trading activity. Robinhood shares have also soared more than 280% in 2025, to an all-time high of $152.46, before facing a slight decline.

Robinhood has further expanded its crypto-related business to include Bitstamp, a prediction market, and tokenized equities. These segments are driving over $100 million annually, according to CFO Jason Warnick.