CoinVoice has recently learned that Robinhood CEO Vladimir Tenev stated during his guest appearance on Anthony Pompliano's podcast that the company has discussed the issue of holding Bitcoin internally, but there are 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 say that although Robinhood has not followed the footsteps of companies like MicroStrategy and Tesla in incorporating Bitcoin into their balance sheet, the stock price of his company "has been highly correlated with Bitcoin even though we have not incorporated Bitcoin into our inventory." Robinhood's stock (ticker: HOOD) has risen 202% this year, while Bitcoin has a return of 110% so far this year. [Original link]
