Financial exchange Robinhood (HOOD) says it is considering buying Bitcoin (BTC) for its balance sheet, according to CEO Vlad Tenev. Speaking on Robinhood’s third-quarter 2025 earnings call Wednesday, Tenev said Robinhood has spent “a lot of time” evaluating the potential move, with crypto-related revenues soaring.

“If you put it [Bitcoin] on your balance sheet, it has the positives in that you’re aligned with the community, but it does take up capital,” Tenev said on the call. Robinhood’s crypto revenues surged 339% year-over-year, reaching $268 million in Q3, per the latest earnings report. Crypto trading accounted for about 20% of the company’s total income during the quarter.

Shiv Verma, the company’s vice president of finance and strategy, also detailed Robinhood’s cautious interest in investing in BTC. “There’s a lot of different things you’re doing, you know, from new products, for growth, investing in engineering,” said Verma during Robinhood’s Q3 2025 earnings call. “So we have this debate constantly…we’re still thinking about it. There are pros and cons to both of them. And it’s one that we’re gonna keep actively looking at.”

Also Read: Robinhood (HOOD) CEO Says Tokenized Stocks Are “Next Step in Finance”

Robinhood isn’t the only major company looking to add Bitcoin to its balance sheet. Several institutions in 2025 have become more interested in the crypto industry. Banking institutions like JPMorgan and Bank of America are now offering crypto products to their customers as investments, including BTC ETFs. Furthermore, these industry giants have also announced their own cryptocurrency products, specifically stablecoins, which are digital currencies tied to fiat currencies.

The stock market responded with a resounding negative reaction, with Robinhood HOOD shares plummeting over 8%. BTC is also down in the past week to $101,000, trading near 6-month lows.