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Robinhood CEO: The issue of establishing a Bitcoin reserve has been discussed within the company

According to online reports, Robinhood CEO Vladimir Tenev said in a guest on the Anthony Pompliano podcast that the company has discussed the issue of holding Bitcoin, but the company has no plans to maintain its BTC reserves. He said: "We will not rule out that possibility. So far, we haven't done that. We're not in the business of investment managers." The CEO went on to say that while Robinhood did not follow in the footsteps of companies such as MicroStrategy and Tesla and put Bitcoin on their balance sheets, his company's share price "is already highly correlated with Bitcoin before we have it in inventory." Robinhood stock (ticker: HOOD) is up 202% this year, and Bitcoin has returned 110% year-to-date.

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