If confirmed that Robinhood owns the mysterious Bitcoin address with 118,000 BTC, this could have a profound impact on the world of cryptocurrency by amplifying the role of individual investors and potentially introducing new market vulnerabilities. The address, which recently became the third-largest Bitcoin holder, has drawn speculation regarding its true ownership, with some believing it could belong to MicroStrategy, a U.S. analytics firm holding a substantial amount of BTC.
Robinhood, known for its focus on equities and options, diverges from the typical profiles of the largest Bitcoin holders, which are often cryptocurrency exchanges. According to recent financial filings, Robinhood holds about $4.24 billion in Bitcoin, aligning with estimates tied to the address in question.
This development challenges the idea that
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First found on: Robinhood Potential Massive Bitcoin Holder
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