Robinhood Bitcoin (BTC) and Crypto Stash Grows to $23,590,032,000, Up 14% in Just Six Months

American retail trading giant Robinhood has reportedly grown its digital asset holdings substantially in the past six months, according to an on-chain expert.

Parsing through data from blockchain intelligence firm Arkham, Coinbase director Conor Grogan estimates that Robinhood’s Bitcoin (BTC) stash has grown 14%, adding to its $23.59 billion holdings.

At the same time, Grogan says Robinhood users’ Ethereum (ETH) holdings have decreased.

“Robinhood’s BTC holdings have increased by ~14% in the last 6 months; meanwhile user ETH holdings have actually decreased ~9%

Retail users are beginning to come back to crypto, just not to ETH so far.”

Grogan says that based on his analysis of Arkham’s data, Robinhood’s BTC wallet is the third biggest in existence, just behind crypto exchanges Binance and Bitfinex.

“All are estimates pulled together with Arkham’s tags as well as a few of my own

Robinhood’s cold storage address is the 3rd largest single BTC wallet, owning .69% of all BTC ever made.”