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<div class="cryptonews"> 
 <p class="is-style-lead">Robinhood has been <a rel="dofollow" title="identified" href="https://thebittimes.com/tag/identified.html">identified</a> as the third-largest Bitcoin holder, possessing a <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> valued at over $3 billion, trailing only behind Binance and Bitfinex.</p> 
 <p>Recent investigations from several sources have revealed that Robinhood, the popular stock and crypto trading platform, holds a Bitcoin wallet containing more than $3 billion worth of BTC. This revelation establishes the firm as the third-largest Bitcoin custodian, trailing only behind leading exchanges, Binance and Bitfinex. These findings have been verified and authenticated by blockchain analytics firm Arkham Intelligence.</p> 
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    <p lang="en" dir="ltr">BREAKING<br><br>3RD LARGEST #BITCOIN WHALE <br>WITH $3 BILLION IN BTC REVEALED <br>TO BE ROBINHOOD pic.twitter.com/TSgKoqLU4O</p>— Ash Crypto (@Ashcryptoreal) August 28, 2023
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 <h2 class="wp-block-heading" id="decrypting-robinhood-s-mystery-bitcoin-wallet">Decrypting Robinhood’s mystery Bitcoin wallet</h2> 
 <p>For the past week, the <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> in question has been a subject of speculation within the cryptocurrency community. Market analysts and crypto enthusiasts previously hypothesized that its ownership could be attributed to financial giants like BlackRock or other exchanges like Gemini. These speculations gained traction because of BlackRock’s Bitcoin ETF filing earlier this year. However, it appears the mystery has finally been unraveled.</p> 
 <p>Binance currently holds the record for the largest Bitcoin <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>, containing over 249,000 BTC valued at roughly $6.5 billion. Following closely is Bitfinex, with its own treasury amounting to approximately 178,000 BTC, or $4.7 billion in value. Robinhood’s Bitcoin <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> holds more than 118,000 BTC, which is valued at just over $3 billion today.&nbsp;</p> 
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 <p>These findings are somewhat surprising given Robinhood’s recent struggles in user accumulation and trading volume. The company’s crypto trading volume experienced a year-over-year drop of 38% to $3.4 billion in July. Despite this downturn in trading activity, the firm’s considerable BTC holding suggests a strong underlying commitment to cryptocurrency as an asset class.</p> 
 <h2 class="wp-block-heading" id="technical-details">Technical details</h2> 
 <p>Arkham Intelligence’s data confirms that Robinhood aggregated its Bitcoin holdings over several months, reserving 118,300 BTC through multiple transfers from various smaller wallets. </p> 
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  <div class="wp-block-embed__wrapper"> <iframe title="Bitcoin's Very Bad Week | Bloomberg Crypto" width="1020" height="574" src="https://www.youtube.com/embed/9k7hoF_lEfM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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 <p>These BTC assets are managed under the custodial services of Jump Trading, a crypto trading firm. Furthermore, BitInfoCharts data confirms that the first deposit into this <a rel="dofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> occurred on March 8 and continued through July 14.</p> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Robinhood wins meme stock lawsuit 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/robinhood-identified-as-the-third-biggest-bitcoin-whale-with-3b-wallet-tbt60704.html">https://thebittimes.com/robinhood-identified-as-the-third-biggest-bitcoin-whale-with-3b-wallet-tbt60704.html</a></p>

Robinhood identified as the third biggest Bitcoin whale with $3b wallet

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