Robinhood Chain Gains Traction as Major Bitcoin Holder Maintains Reserves
Robinhood Chain Gains Traction as Major Bitcoin Holder Maintains Reserves
Robinhood Chain has rapidly established itself, achieving over $3 billion in weekly DEX volume and attracting 65,000 users since its July launch, placing it among the top five chains. Concurrently, a significant corporate Bitcoin (BTC) holder has sold some of its shares and refrained from making new BTC purchases, yet continues to hold a substantial 843,775 BTC, valued at approximately $53 billion, reinforcing its long-term commitment to the digital asset.
Robinhood Chain hit $3.1B in weekly DEX volume and 65K users since its July 1 launch, as the Layer 2 eyes tokenized markets, Bernstein said.
Strategy's total holdings remain at 843,775 BTC and account for around 4% of the 21 million bitcoin supply cap — worth roughly $53 billion.