Robinhood 'Actively Weighing' Bitcoin Treasury Strategy as Crypto Revenues Soar 339% in Q3

Core Insights - Robinhood's Q3 earnings report highlighted a significant increase in crypto revenues, which surged 339% year-over-year, contributing to one-fifth of the firm's total income for the quarter [1][2] - The company is contemplating a Bitcoin treasury strategy, with discussions ongoing about the potential benefits and drawbacks of such an investment [3][4] Robinhood Crypto Revenues - In Q3 2025, Robinhood's cryptocurrency revenue reached $268 million, marking a 67.5% increase from the previous quarter [2] - Overall transaction-based revenues rose 129% year-over-year to $730 million, attributed to increased crypto trading volumes [2] Bitcoin Treasury Consideration - During the earnings call, the CEO expressed that the company is in the early stages of exploring stock tokens, with future phases aimed at expanding trading options [3] - The Treasurer indicated that while there is interest in adopting Bitcoin for the corporate treasury, the decision is still under consideration, weighing the pros and cons [4][6] Market Context - The broader market for digital asset treasuries has seen firms facing unrealized losses due to volatility, particularly after a downturn in the crypto market in October [5][7] - Companies that heavily invested in Bitcoin earlier in the year are now experiencing declines in asset values, highlighting the risks associated with crypto investments [7]