Odaily Planet Daily News Robinhood CEO Vladimir Tenev stated in an interview on Monday that, given Robinhood's increasing interest in cryptocurrency, the idea of holding Bitcoin "comes up from time to time." But he added that the company has no plans to hold BTC for investment purposes, aside from holding some Bitcoin as part of its business to meet customer trading demands. Tenev said, "We do not rule out that possibility. So far, we have not done that, and we are not in the investment management business." He went on to say that, although Robinhood has not followed the footsteps of companies like MicroStrategy and Tesla to include Bitcoin on their balance sheets, the company's stock price "has been highly correlated with it, even though we do not hold Bitcoin." Robinhood's stock price has risen 202% this year, while Bitcoin's return so far this year is 110%. However, Tenev stated that he believes if Robinhood holds Bitcoin for investment purposes, investors' views of the company could become "complicated," potentially seeing it as a "quasi-Bitcoin holding strategy." (The Block)

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