00:00
Speaker A
Robin Hood adds $25 million of Bitcoin to its balance sheet. Let's go, baby!
00:04
Speaker A
Remember when everyone was going to become a Bitcoin balance sheet company and add Bitcoin to their balance sheet.
00:08
Speaker A
Okay, so Robin Hood has taken $25 million of Bitcoin and put it on its corporate balance sheet, right?
00:15
Speaker A
This is the what we saw strategy originally do. We saw, you know, uh, Jack's company do it. We saw Tesla and SpaceX do it.
00:23
Speaker A
We used to believe that every company was going to own Bitcoin on its balance sheet. So, listen, this is
00:27
Speaker A
company-owned Bitcoin, not customers' Bitcoin held on their behalf, obviously. And
00:32
Speaker A
what matters here is how it's being framed by management, which is demonstrating commitment to Bitcoin and the ecosystem. So,
00:39
Speaker A
it's more signal than it is size because this is a, you know, billion dollar company.
00:43
Speaker A
and obviously adding $25 million is a rounding error.
00:48
Speaker A
But Robin Hood has long been committed to Bitcoin and to crypto and
00:52
Speaker A
actually putting it on the balance sheet and signaling that this is a viable investment and a viable treasury asset.
00:58
Speaker A
To me is an absolutely huge signal because we really haven't seen stories like this in quite a while.
01:03
Speaker A
So I love that they're doing it. I mean, Robin Hood bought 25 million of Bitcoin.
01:08
Speaker A
Uh, Michael Saylor probably is just calling that checking whether the buy button works or not, right? I mean, 25 million is
01:14
Speaker A
it's a rounding error for these other treasury companies, but still, as I said, I am
01:18
Speaker A
here for the signal.
