According to ChainCatcher, Robinhood CEO Vladimir Tenev stated during his appearance on Anthony Pompliano's podcast that the issue of holding Bitcoin has been discussed internally, but the company has no plans to maintain BTC reserves.
He said, "We do not rule out that possibility. So far, we have not done this, and we are not in the investment management business." The CEO continued to state that although Robinhood has not followed in the footsteps of companies like MicroStrategy and Tesla by including Bitcoin on its balance sheet, the stock price of his company is "already highly correlated with Bitcoin, even though we have not included Bitcoin in our inventory." Robinhood's stock (ticker: HOOD) has risen 202% this year, while Bitcoin's return so far this year is 110%.
