Robinhood CEO Vladimir Tenev stated in an interview on Monday that, given Robinhood's growing 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 meeting customer trading demands. Tenev stated, "We don't rule out that possibility. So far, we haven't done that, and we're not in the investment management business." He continued to say that although Robinhood has not followed in the footsteps of companies like MicroStrategy and Tesla by including Bitcoin on its balance sheet, the company’s stock price has been "highly correlated" with Bitcoin even though they do not hold any. Robinhood's stock price has risen 202% this year, while Bitcoin has seen a return of 110% year-to-date. However, Tenev mentioned that he believes if Robinhood were to hold Bitcoin for investment purposes, investors' views of the company might become "more complicated," potentially seeing it as a "quasi-Bitcoin holding strategy." (The Block)
