Apart from being a Bitcoin whale, Robinhood has also been identified as one the largest ETH holders.
US-based investing and trading platform giant Robinhood has been identified as the owner of the fifth largest Ethereum wallet address, accounting for the second-largest crypto holding in its portfolio after Bitcoin .
The ETH stash in the cold wallet makes Robinhood the fifth largest holder of the token behind major crypto exchanges Kraken and Binance, with $2.73 billion and $3.40 billion worth of ETH, respectively. Arkham’s data also shows that the Robinhood wallet address has other tokens in its portfolio, such as SHIB, LINK, AVAX, BONE, AAVE, COMP, and UNI, among others, bringing the value of its total holdings to over $2.73 billion., valued at more than $3 billion, just behind Binance and Bitfinex. There were initial speculations that the BTC wallet belonged to either Gemini or asset manager behemoth BlackRock.
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