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Robinhood explores potential Bitcoin reserves to enhance its market strategy

Robinhood’s CEO Vlad Tenev has expressed interest in possibly holding Bitcoin as part of their strategy amid increasing adoption of digital currencies within the business.

Robinhood stock (HOOD) increased by 202% in 2024, outpacing Bitcoin’s 110% rise, indicating a strong link between its shares and Bitcoin price fluctuations.

The potential acquisition of Bitstamp for 200 million USD could enhance Robinhood’s crypto services, allowing futures trading for Bitcoin and Ethereum while diversifying its digital asset offerings.

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