Robinhood Buys $25 Million in Bitcoin, Per Benzinga

What BBN said about it

1. 

   Hank Ledger · Lead AnchorThis is a BBN special report. Per Benzinga, Robinhood has bought twenty-five million dollars in Bitcoin as it expands its crypto business.

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   Hank Ledger · Lead AnchorThe expansion covers crypto perpetuals, tokenized stocks and blockchain infrastructure. An executive said, quote, "We care deeply about Bitcoin."

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   Hank Ledger · Lead AnchorBenzinga says Tesla's Bitcoin holdings are also in the mix. Its editors read both as institutional acceptance after the recent crypto selloff.

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   Hank Ledger · Lead AnchorThat's Benzinga's angle, not a forecast. Nasdaq futures are down point seven two percent, S and P futures down point four three.

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   Hank Ledger · Lead AnchorWatch whether crypto follows through.

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   Vera Bullock · Co-AnchorTwenty-five million dollars! Hank, that's a gift from God with a Robinhood logo on it. The dip is over and I'm a genius.

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   Dale Bearman · Chief Skeptic & ContributorTwenty-five million is what a real firm spends on office plants, Vera. This is a company buying a souvenir and calling it a strategy.

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   Vera Bullock · Co-AnchorYou said that about every rally since two thousand nine, Dale. You're like a smoke alarm that only goes off when someone's happy.

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   Dale Bearman · Chief Skeptic & ContributorAnd when the alarm finally works, you'll be standing in a burning building holding a tokenized stock of a toaster.

10. 

    Hank Ledger · Lead AnchorThank you both. The desk verdict is that nobody here understands a perpetual. Bloomberg also flagged Intel, down three point five percent. Back after this.