Robinhood – 3rd place as largest global BTC holder

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/04/Robinhood.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>In recent months, Robinhood had market tongues wagging and ignited debates as to who owned such a large amount of BTC. To date, this commission-free trading base has not offered a public comment.</p>
<p>The lack of a statement did not however stem the tide of speculations. Many believe investment and financial manager, BlackRock, made this move following a filing for a Bitcoin ETF earlier this year. Others think it belongs to Gemini, another big player in the investment arena, which shifted its users as per an X (the social media platform priorly known as Twitter) post, reading:</p>
<blockquote><p>Gemini has transferred bitcoins to the new address bc1q….59v2 in the past 3 months. It currently holds 118,000 bitcoins, or about 3.08 billion U.S. dollars. It is currently the third largest bitcoin holder. The first and second largest Bitcoin addresses are Binance Cold Wallet and Bitfinex Cold Wallet.</p></blockquote>
<p>Over the past three months, <a href="https://www.leaprate.com/forex/brokers/robinhoods-q2-results-a-ray-of-light-at-the-end-of-its-dark-start-to-the-year/" target="_blank" rel="noopener">Robinhood</a> transferred roughly 118,300 bitcoins from numerous smaller wallets. Arkham Intelligence confirmed Jump Trading had custody of this virtual currency.</p>
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<p>Essentially, this indicates Robinhood’s stake in cryptocurrency despite low trading volumes. The company’s Q2 report reflected crypto trading revenue of only $31m, an 18% decrease from its Q1 performance.</p>
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