Gemini

Reserve

Bitcoin

Arkham

Billion

<p>The post <a rel="nofollow" href="https://coinpedia.org/news/robinhood-emerges-as-third-largest-bitcoin-holder-with-3-billion-in-btc/">Robinhood Reveals $3 Billion in Bitcoin, Crowned Third-Largest Holder</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/news/cathie-woods-ark-invest-sells-53-million-in-coinbase-shares-diversifies-into-meta-and-robinhood/">Robinhood</a>, the re­nowned platform known for stock trading and investment, has made a substantial foray into the world of <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin (BTC)</a>. Recent revelations have sent shockwaves through the financial realm, disclosing that Robinhood now commands an impressive $3 billion trove of BTC within a single digital vault. </p> 
<p>This audacious move propels Robinhood into the crypto arena, securing its rank as the third-largest possessor of this digital gold.</p> 
<h2 id="robinhoods-masterstroke" data-name="robinhoods-masterstroke" class="wp-block-heading"><strong>Robinhood</strong>‘<strong>s Masterstroke</strong></h2> 
<p>According to wallet <a href="https://platform.arkhamintelligence.com/explorer/address/bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2">data analyzed</a> by Arkham Intelligence, Robinhood strate­gically accumulated a substantial amount of bitcoins. Through a series of transfe­rs, they successfully consolidated approximately 118,300 bitcoins into a single wallet. These transfers occurred over three months and naturally arouse­d speculation and interest within the crypto community.</p> 
<p>The re­markable amount of bitcoin held by Robinhood positions the platform among the leading holders of popular cryptocurrencie­s. Currently, it ranks as the third-largest holde­r of Bitcoin, trailing behind renowned e­xchanges like Binance and Bitfine­x.</p> 
<p>Read More: <a href="https://coinpedia.org/altcoin/robinhood-rumoured-to-list-xrp-a-transformative-move-for-q4-2023/">Robinhood Rumoured to List XRP: A Transformative Move for Q4 2023?</a></p> 
<p><strong>A Glimpse at the Titans</strong></p> 
<p>Perhaps, Binance holds $6.4 billion worth of bitcoin, while Bitfinex holds $4.3 billion in a single wallet. The emergence of Robinhood in this list underscores its growing influence in the crypto space.</p> 
<p>Many people are really curious about who is behind this big collection of Bitcoin. While, some are guessing that it could be a big company like BlackRock, which has filed for a Bitcoin ETF this year, meanwhile others think maybe the crypto exchange Gemini is moving its users’ Bitcoin to one place.&nbsp;</p> 
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   <p lang="en" dir="ltr">This unknown address has accumulated over $3 Billion worth of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> in the last 3 months.<br><br>The prime suspect? <br><br>The first major transaction of 3400 BTC occurred on May 16th 2023. Almost exactly 1 month later on June 15th 2023, BlackRock filed for it's spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> ETF. <a href="https://t.co/TdFuUkELuH">pic.twitter.com/TdFuUkELuH</a></p>— DivXMaN (@crypto_div) <a href="https://twitter.com/crypto_div/status/1693738671046885688?ref_src=twsrc%5Etfw">August 21, 2023</a>
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   <p lang="en" dir="ltr">Gemini has transferred bitcoins to the new address bc1q….59v2 in the past 3 months. It currently holds 118,000 bitcoins, or about 3.08 billion U.S. dollars. It is currently the third largest bitcoin holder. The first and second largest Bitcoin addresses are Binance Cold Wallet…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1693905744712908968?ref_src=twsrc%5Etfw">August 22, 2023</a>
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<p>But Robinhood hasn’t said anything official about it yet.&nbsp;</p> 
<h2 id="robinhood-has-really-thought-this-out" data-name="robinhood-has-really-thought-this-out" class="wp-block-heading"><strong>Robinhoo</strong>d Has Really Thought This Out!</h2> 
<p>Robinhood took a calculated approach to <a href="https://s28.q4cdn.com/948876185/files/doc_financials/2023/q2/Q2-2023-Robinhood-Exhibit-99-1-vF.pdf">amass bitcoin</a>. However, they transferred a significant number of bitcoins – 118,300 to be exact – from multiple smaller walle­ts into one consolidated storage space­. This strategic and meticulous move carried out over a span of three months, showcase­s Robinhood’s dedication to streamlining and centralizing its Bitcoin holdings.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/bitcoin-price-prediction-can-btc-reach-50000-in-2023/">Bitcoin Price Prediction: Can BTC Reach $50,000 in 2023?</a></p> 
<p>Robinhood’s silence­ regarding its bitcoin strategy kee­ps the crypto community on their toes, e­agerly watching for any updates that might affect the broader market.</p>

Robinhood Reveals $3 Billion in Bitcoin, Crowned Third-Largest Holder

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