The crypto world has been abuzz with speculation after a previously unidentified Bitcoin wallet amassed $3 billion in BTC. Data reveals that the wallet belongs to Robinhood, the popular investing and trading platform.The wallet is now the third-largest in the world, behind Binance and Bitfinex, which possess Bitcoin holdings of $6.4 billion and $4.3 billion, respectively. Initially, it was thought that Gemini had transferred a portion of its BTC holdings to this new address, and BlackRock was also linked to the wallet due to its application for a spot Bitcoin ETF.Despite facing revenue challenges, Robinhood continues to show a substantial stake in the crypto sector. The platform now holds assets valued at over $3.08 billion in this wallet, and CEO Vlad Tenev has maintained the platform’s commitment to digital assets. This massive Bitcoin accumulation shows Robinhood’s confidence in the crypto market, even during turbulent times.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	9
People	Winklevoss, Vlad Tenev, BlackRock
Companies	Robinhood, BlackRock, Binance, Gemini, Bitfinex
Currencies	ethereum, ada, btc, usd, sol
Securities