How Much Shiba Inu and Bitcoin Does Robinhood Hold? (Updated 2024)
Curious about the amount of Shiba Inu and Bitcoin held by Robinhood? This article provides the latest insights into Robinhood's crypto holdings, focusing on SHIB and BTC.
Robinhood's Crypto Holdings: A Breakdown
Per the data shared by Crypto Lolla, Robinhood’s total digital currency holdings now sit at $9,957,317,415.32. Bitcoin (BTC) occupies the largest cut of the pie, with a significant portion of their crypto assets invested in the leading cryptocurrency.
Robinhood's Shiba Inu Holdings: The Numbers
It was revealed that in addition to Bitcoin and Ethereum, Robinhood also owns a substantial amount of Shiba Inu. Specifically, Robinhood holds a significant number of SHIB tokens. Data shows With Shiba Inu’s prevailing market value, the 36.825 trillion SHIB in Robinhood is worth $347.63 million. This dollar value makes Shiba Inu the third largest token held by Robinhood.
Initially, it was revealed that Robinhood held 34.086 trillion Shiba Inu tokens, equivalent to about $279.85 million at the current market price. However, this number has been updated to reflect current holdings and market fluctuations. The current figure of 36.825 trillion SHIB represents a notable portion of their overall crypto portfolio.
Where to Find More Information
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Bitcoin vs. Shiba Inu: A Comparison within Robinhood's Portfolio
While Shiba Inu represents a sizable chunk of Robinhood's cryptocurrency investments, Bitcoin remains the dominant asset. Robinhood's considerable Bitcoin holdings underscore its significance in the platform's overall crypto strategy. The fluctuating market value of both Bitcoin and Shiba Inu can significantly impact the overall value of Robinhood's crypto assets.
Stay Updated
Keep checking back for the latest updates on Robinhood's cryptocurrency holdings, as these figures can change frequently due to market volatility and trading activity.