Robinhood adds bitcoin worth $25 million to its balance sheet

Investment app Robinhood has added bitcoin worth $25 million to its balance sheet, according to senior vice president and general manager of crypto and international, Christine Brown.

The move comes as cryptocurrency gains mainstream acceptance and investors seek exposure to digital assets.

Robinhood, which offers commission-free trading in stocks, ETFs, options, and cryptocurrencies, has seen a surge in user growth and trading activity in recent months.