Robinhood's Secret Billion-Dollar Bitcoin Wallet: What We Know So Far

A recent study by Arkham Intelligence, released around August 27, suggests that Robinhood may control a single Bitcoin address with a value exceeding $3 billion. The report indicates that this address contains 118,300 Bitcoins, worth roughly $3.07 billion, starting with "bc1ql."



As of today, this address remains active. Although recent transactions are minor, its balance has seen substantial growth since mid-May, when it contained just about $5,400 worth of Bitcoin. By May 25, the balance escalated to nearly $1.4 billion, and by June 18, it reached the $3 billion mark.



Jump Trading, a trading firm based in Chicago and known to provide the backend for Robinhood's crypto trading functionalities, is the custodian for these funds.



Robinhood has neither confirmed nor denied ownership of this address and has not made any public


First found on: https://coinatory.com/cryptocurrency-news/bitcoin-news/robinhoods-secret-billion-dollar-wallet-12505/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP