The post Will Robinhood Start a Bitcoin Treasury? Firm Says It’s Weighing ‘Pros and Cons’ appeared on BitcoinEthereumNews.com. In brief Trading app Robinhood’s SVP of finance and strategy Shiv Verma said that the company is “constantly” talking about buying Bitcoin with its spare cash. Over 200 publicly traded companies have adopted the digital asset treasury strategy. Some experts have warned it’s risky; Verma said buying crypto for a company’s balance sheet has “pros and cons.” Trading app Robinhood is weighing whether to put Bitcoin on its balance sheet, the company’s Senior Vice President of Finance and Strategy Shiv Verma said.  Speaking Wednesday following its quarterly earnings call, Verma said that buying Bitcoin and other cryptocurrencies with spare cash has both “pros and cons” potentially aligning it with its crypto-buying customers but requiring capital that might be better served elsewhere.    “We’ve spent a lot of time thinking about [buying digital assets],” Verma said. “If you put it on your balance sheet, it has the positives of that you’re aligned with the community, but it does take up capital.” He added: “Our shareholders can also go and buy Bitcoin directly on Robinhood and so are we making that decision for them? Is it the best use of our capital? We have this debate constantly—we’re still thinking about it.”  Verma’s remarks came as the Menlo Park, California-based company beat analysts’ estimates with $1.27 billion in revenues and earnings per share of $0.61.    Robinhood’s crypto trading revenues jumped 339% year-over-year and CEO Vlad Tenev reiterated HOOD’s ambitious plans to expand into a more comprehensive financial services platform. The firm now allows trading Bitcoin, Ethereum, XRP, Solana, and more than a dozen other digital assets.  Nasdaq-listed HOOD closed down nearly 11% lower on Thursday afternoon in New York. Its shares have soared more than 240% year-to-date.  Bitcoin treasuries offer exposure to the asset for investors via their publicly traded shares. American… The post Will Robinhood Start a Bitcoin Treasury? Firm Says It’s Weighing ‘Pros and Cons’ appeared on BitcoinEthereumNews.com. In brief Trading app Robinhood’s SVP of finance and strategy Shiv Verma said that the company is “constantly” talking about buying Bitcoin with its spare cash. Over 200 publicly traded companies have adopted the digital asset treasury strategy. Some experts have warned it’s risky; Verma said buying crypto for a company’s balance sheet has “pros and cons.” Trading app Robinhood is weighing whether to put Bitcoin on its balance sheet, the company’s Senior Vice President of Finance and Strategy Shiv Verma said.  Speaking Wednesday following its quarterly earnings call, Verma said that buying Bitcoin and other cryptocurrencies with spare cash has both “pros and cons” potentially aligning it with its crypto-buying customers but requiring capital that might be better served elsewhere.    “We’ve spent a lot of time thinking about [buying digital assets],” Verma said. “If you put it on your balance sheet, it has the positives of that you’re aligned with the community, but it does take up capital.” He added: “Our shareholders can also go and buy Bitcoin directly on Robinhood and so are we making that decision for them? Is it the best use of our capital? We have this debate constantly—we’re still thinking about it.”  Verma’s remarks came as the Menlo Park, California-based company beat analysts’ estimates with $1.27 billion in revenues and earnings per share of $0.61.    Robinhood’s crypto trading revenues jumped 339% year-over-year and CEO Vlad Tenev reiterated HOOD’s ambitious plans to expand into a more comprehensive financial services platform. The firm now allows trading Bitcoin, Ethereum, XRP, Solana, and more than a dozen other digital assets.  Nasdaq-listed HOOD closed down nearly 11% lower on Thursday afternoon in New York. Its shares have soared more than 240% year-to-date.  Bitcoin treasuries offer exposure to the asset for investors via their publicly traded shares. American…