Robinhood CEO Vlad Tenev On Making A Michael Saylor-Like Move On Bitcoin: ‘Still Thinking About It’
Robinhood (NASDAQ:HOOD) CEO Vlad Tenev said on Wednesday that the company is still evaluating whether to include Bitcoin (CRYPTO: BTC) in its corporate treasury, weighing the potential pros and cons.
Need To Align With Shareholders, Says CEO
During the company’s third-quarter earnings call, Tenev said that Robinhood has devoted considerable time to pondering this move. He highlighted that such a step would require alignment from the community.
“If you put it [Bitcoin] on your balance sheet, it has the positives in that you’re aligned with the community, but it does take up capital,” Tenev said, adding that such a decision could have both “pros and cons.”
He highlighted that Robinhood’s shareholders can already buy Bitcoin directly on the platform.
“Are we making that decision for them? Is …
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