Robinhood disclosed a $25 million Bitcoin purchase at the Digital Asset Summit Asia in Singapore, roughly 300 BTC at current pricing, and its first publicly stated proprietary holding after about a year of internal review. The size is the story: $25 million against more than $4 billion in combined cash, investments and stablecoins is a rounding error, and crypto chief Johann Kerbrat said as much when he noted it will not change the company's trajectory. Worth keeping separate from the roughly 185,000 BTC Robinhood holds in custody, since those are customer assets and not company property.